EXPERIMENTAL MARKETS WITH FRICTIONS

被引：5

作者：

Camera, Gabriele ^{[1
,2
]}

Casari, Marco ^{[3
]}

Bigoni, Maria ^{[3
]}

机构：

[1] Univ Basel, CH-4003 Basel, Switzerland

[2] Chapman Univ, Orange, CA USA

[3] Univ Bologna, I-40126 Bologna, Italy

来源：

JOURNAL OF ECONOMIC SURVEYS | 2013年 / 27卷 / 03期

关键词：

Coordination; Cheap-talk; Deception; Indefinitely repeated game; Social norms; PRISONERS-DILEMMA; REPEATED PLAY; FIAT MONEY; COOPERATION; COMMUNICATION; BEHAVIOR; PUNISHMENT; GOVERNANCE; INSTITUTIONS; EQUILIBRIUM;

D O I：

10.1111/joes.12018

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Decentralized and impersonal exchange is fundamental to contemporary economies, where many interactions take place among individuals with low levels of information about their counterpart. We review the experimental literature about markets with frictions, where strangers interact in pairs formed at random in economies of indefinite duration. We focus on the impact of communication on the efficiency of the outcome and report results of a new experiment.

引用

页码：536 / 553

页数：18

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