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Bargaining and Market Behavior

Name: Bargaining and Market Behavior
Brand: Cambridge University Press
SKU: 02036273
Price: 152.39 EUR
Availability: InStock
Author: Vernon L. Smith
ISBN: 9780521584500

Essays in Experimental Economics

Vernon L. Smith

Language

English

Book Hardback

Libristo code: 02036273

Publishers Cambridge University Press, June 2000

This second Cambridge University Press collection of papers by Vernon L. Smith, a creator of the fie... Full description

Libristo code: 02036273

373 b

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This second Cambridge University Press 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. The volume complements Professor Smith's earlier work by demonstrating the importance of institutional features of markets in understanding behavior and market performance. 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.