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Information, Finance and General Equilibrium: Collected Papers on the Experimental Foundations of Economics and Political Science (Economists of the Twentieth Century)
Charles R. Plott Manufacturer: Edward Elgar Publishing ProductGroup: Book Binding: Hardcover  General
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ASIN: 184064396X |
Book Description
Information, Finance and General Equilibrium brings together the seminal papers on which Charles R. Plott has founded our understanding of experimental economics and political science.These works reflect the broad and overlapping nature of economics, public economics, public choice and political science. They examine the fundamental problem encountered in of all these subject areas - understanding the nature of allocation under conditions of limited resources and how decision processes, institutions and procedures shape these allocations.
In particular, this volume contains papers placed at the two extremes of economic phenomena: the largest system and the smallest system - multiple markets and the individual. The volume contains the first evidence that multiple market systems can equilibrate to the general competitive equilibrium while allocating risk bearing and information. It is here that the experimental foundations for rational expectations models are discovered and developed. A challenging paradox results, which leads Plott to question why the behavior of a system so complex as a multiple market system can be modeled so well when individuals can exhibit behaviors that are so at odds with the theory.
This fascinating work, from a writer at the forefront of experimental economics, will be warmly welcomed by academics, scholars and researchers involved in experimental economics, the methodology of economics, political theory, and political economy.
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Public Economics Political Process and Policy Applications: Collected Papers on the Experimental Foundations of Economics and Politicalscience (Economists of the Twentieth Century)
Charles R. Plott Manufacturer: Edward Elgar Publishing ProductGroup: Book Binding: Hardcover General
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ASIN: 1858980658 |
Book Description
`Charles R. Plott has a formidable armoury of experience backed up with an inquiring and rigorous intellect: an economist interested in getting clear answers to important questions. Before effectively becoming a full-time experimental economist, he enjoyed a fine reputation as a theorist in the area between political science and economics. By 1986 Plott had acquired a reputation as an insightful experimentalist - inspired and encouraged by Vernon Smith with whom he worked for a period before establishing his own experimental laboratory. Plott's contributions to the field of experimental economics are impressive. From 1981, since the Social Science Citation Index records begin, he has a total of 44 publications listed in this and related fields, many with co-authors who themselves are now established experimentalists. He has clearly stimulated a whole generation of economists into doing high quality experimental research. Many of these 44 papers are classics of their kind. The skill, energy and efficiency with which he operates is impressive.'- John Hey, University of York, UK and University of Bari, Italy
Public Economics, Political Processes and Policy Applications brings together an impressive collection of Charles R. Plott's work in experimental economics.
The papers in this volume represent the beginnings of Professor Plott's experimental research on public economics, public choice and political processes, which are the origin for experimental work in mechanism design and experimental testbeds. He addresses the problems related to committees and public choice institutions, and develops methodological foundations that were later exported to other areas of economics. In these groundbreaking experiments strategies for posing questions are developed. The fundamental principles that shape policy studies are discovered and refined.
The volume goes on to apply the principles to the prediction of group choice using game theory and voting theory, the power of special institutions and processes to determine outcomes, and the concept of equilibrium and equilibration in decision processes.
Finally, the papers reflect a maturing of the methodologies, devoting attention to their success in the area of institutional design in general and of policy in particular. With deep roots in problems related to policy analysis that are carried throughout the volume, Public Economics, Political Processes and Policy Applications will be a fascinating read for those with an interest in experimental economics, the methodology of economics, political theory, and political economy.
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Market Institutions and Price Discovery: Collected Papers on the Experimental Foundations of Economics and Political Science (Economists of the Twentieth Century)
Charles R. Plott Manufacturer: Edward Elgar Publishing ProductGroup: Book Binding: Hardcover General
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Microeconomics
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ASIN: 1840643951 |
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An experimental test of the commitment cost theory.(Principal Paper Sessions): An article from: American Journal of Agricultural Economics
Jayson L. Lusk Manufacturer: American Agricultural Economics Association ProductGroup: Book Binding: Digital ASIN: B0008GDL2K Release Date: 2005-07-31 |
Book Description
This digital document is an article from American Journal of Agricultural Economics, published by American Agricultural Economics Association on December 1, 2003. The length of the article is 4490 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
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Papers in Experimental Economics
Vernon L. Smith Manufacturer: Cambridge University Press ProductGroup: Book Binding: Paperback Economic History
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ASIN: 052102465X |
Book Description
Vernon L. Smith is the main creator of the burgeoning discipline of experimental economics. This collection of his papers from 1962 to 1988 surveys major developments in the field from early attempts to simulate economic behavior in now classic double oral auction markets through recent studies of industrial organization and decision making. Topics covered include monopoly and oligopoly supply and demand theory under posted pricing, uniform pricing, double continuous auction, and sealed bid-offer auction; hypothetical valuation and market pricing; asset price bubbles; predatory pricing; market contestability and natural monopoly; and the methodology of experimental economics. Taken together, the papers form a history of the study of economics under controlled conditions. Vernon Smith is Regents Professor of Economics at the University of Arizona, and is the author of over 100 articles and books on capital theory, finance, natural resource economics, and experimental economics. He is president of the Public Choice Society and past founding president of the Economic Science Association.|
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Factors Influencing Consumption: An Experimental Analysis of Shoe Buying (Technical Papers; No 10)
Ruth P. MacK Manufacturer: Natl Bureau of Economic Res ProductGroup: Book Binding: Hardcover Economics
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ASIN: 0870144162 |
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An experimental study of price dispersion (Discussion papers in economics)
John Morgan Manufacturer: Woodrow Wilson School of Public and International Affairs, Princeton University ProductGroup: Book Binding: Unknown Binding General
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ASIN: B0006RQ0LU |
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Heuristic methods for telephone operator shift scheduling: An experimental analysis (Paper - Institute for Research in the Behavioral, Economic, and Management Sciences, Purdue University ; no. 504)
Willie B Henderson Manufacturer: Institute for Research in the Behavioral, Economic, and Management Sciences, Krannert Graduate School of Industrial Administration, Purdue University ProductGroup: Book Binding: Unknown Binding Economics
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ASIN: B0006CN7W0 |
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Contractor paper
Cynthia Rogers Manufacturer: University of Kentucky, Dept. of Agricultural Economics ProductGroup: Book Binding: Unknown Binding ASIN: B0006RR3NO |
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Heuristic methods for assigning men to machines: An experimental analysis (Krannert Graduate School of Industrial Administration. Institute for Research ... Economic, and Management Sciences. Paper)
Jeffrey G Miller Manufacturer: Krannert Graduate School of Industrial Administration, Purdue University ProductGroup: Book Binding: Unknown Binding Production, Operation & Management
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ASIN: B0006WSQCQ |
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