Competitive equilibrium and classroom pit markets

被引:11
作者
Ruffle, BJ [1 ]
机构
[1] Ben Gurion Univ Negev, IL-84105 Beer Sheva, Israel
关键词
classroom experiment; competitive equilibrium; experimental economics; pit market;
D O I
10.1080/00220480309595207
中图分类号
F [经济];
学科分类号
02 ;
摘要
Efforts to show the relevance of economic concepts early in a student's education can prevent the "economics is not very useful" attitude from setting in. The author extends the work of Holt to describe a pit-market experiment used to illustrate the concept of competitive equilibrium. In addition to detailed instructions as to how to set up and conduct a pit-market experiment, the author discusses features of the data and provides accompanying materials, including software for the display of the data.
引用
收藏
页码:123 / 137
页数:15
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