Journal Article

Variations on a Theme: The Double-Oral Auction Market and Voluntary Contribution Mechanism Experiments

Noelwah R. Netusil

in Applied Economic Perspectives and Policy

Published on behalf of Agricultural and Applied Economics Association

Volume 22, issue 1, pages 267-284
Published in print January 2000 | ISSN: 2040-5790
Published online January 2000 | e-ISSN: 2040-5804 | DOI: https://dx.doi.org/10.1111/1058-7195.00021
Variations on a Theme: The Double-Oral Auction Market and Voluntary Contribution Mechanism Experiments

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The double-oral auction and voluntary contribution mechanism experiments are the two most commonly used classroom experiments. In addition to running these experiments to illustrate market equilibrium and free riding, variations can be introduced to demonstrate more complex points. Several extensions to these experiments have been reported in the literature. In addition to compiling existing extensions, new extensions are presented and discussed with results from classroom trials at Reed College.

Keywords: A220

Journal Article.  0 words. 

Subjects: Economic Education and Teaching of Economics

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