Bargaining and Market Behavior: Essays in Experimental Economics

Vernon L. Smith (University of Arizona)

Bargaining and Market Behavior: Essays in Experimental Economics
Format
Hardback
Publisher
Cambridge University Press
Country
United Kingdom
Published
12 June 2000
Pages
474
ISBN
9780521584500

Bargaining and Market Behavior: Essays in Experimental Economics

Vernon L. Smith (University of Arizona)

This second collection of papers by Vernon L. Smith, a creator of the field of experimental economics, includes many of his primary authored and coauthored contributions on bargaining and market behavior between 1990 and 1998. The essays explore the use of laboratory experiments to test propositions derived from economics and game theory. They also investigate the relationship between experimental economics and psychology, particularly the field of evolutionary psychology, using the latter to broaden the perspective in which experimental results are interpreted. Specific themes investigated include rational choice, the notion of fairness, game theory and extensive form experimental interactions, institutions and market behavior, and the study of laboratory stock markets.

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