Concurrent Trading in Two Experimental Markets with Demand Interdependence (2007)
Arlington W. Williams, Vernon L. Smith, John O. Ledyard
Summary. We report results from fteen computerized double auctions with concurrent trading of two commodities. In contrast to prior experimental markets, buyers ' demands are induced via CES...
Concurrent Trading in Two Experimental Markets with Demand Interdependence (2007)
Arlington W. Williams, Vernon L. Smith, John O. Ledyard
Summary. We report results from fteen computerized double auctions with concurrent trading of two commodities. In contrast to prior experimental markets, buyers ' demands are induced via CES...
Walker, James M., Williams, Arlington W.
An updated version of this paper is available at http://www.iub.edu/~caepr/RePEc/PDF/CAEPR2006-007_updated.pdf
Walker, James M., Williams, Arlington W.
An updated version of this paper is available at http://www.iub.edu/~caepr/RePEc/PDF/CAEPR2006-007_updated.pdf
Isaac, R. Mark, Walker, James M., Williams, Arlington W.
Subsequently published as: "Group Size and the Voluntary Provision of Public Goods: Experimental Evidence Utilizing Large Groups," Journal of Public Economics 54(1), 1994, 1-36. "This paper presents...
THE HAYEK HYPOTHESIS IN EXPERIMENTAL AUCTIONS: INSTITUTIONAL EFFECTS AND MARKET POWER (1991)
DAVIS, DOUGLAS D., WILLIAMS, ARLINGTON W.
We report twelve market experiments utilizing a “seller market power” supply and demand structure where two of five sellers can unilaterally increase their profit by withholding supply. The data...
Tests of rational expectations in a stark setting
Arlington W. Williams, Raymond Battalio, Timothy Mason
Rational expectations (Economic theory)
Matching Contributions and the Voluntary Provision of a Pure Public Good: Experimental Evidence
James M. Walker, Arlington W. Williams
Laboratory experiments are used to study the voluntary provision of a pure public good in the presence of an anonymous external donor. The external funds are used in two different settings, lump-sum...
Risk Preference Differentials of Small Groups and Individuals
Robert S. Shupp, Arlington W. Williams
This research compares lottery valuation decisions made by individuals with similar decisions made by small groups. There is an extensive social psychology literature addressing group versus...
Convergence to nonstationary competitive equilibria : An experimental analysis
Davis, Douglas D., Harrison, Glenn W., Williams, Arlington W.
The Formation of Price Forecasts in Experimental Markets.
This study utilizes laboratory experimental methods to evaluate the empirical validity of: (1) "Muthian" rational expectations assumptions, (2) an adaptive expectations model, and (3) an...
Comparing Small-Group and Individual Behavior in Lottery-Choice Experiments
Susan K. Laury, Arlington W. Williams
Lottery-choice experiments are conducted to compare risk preferences revealed by three-person groups versus isolated individuals. A lottery-choice experiment consists of a menu of paired lottery...
Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets.
Smith, Vernon L, Suchanek, Gerry L, Williams, Arlington W
Spot asset trading is studied where the only external source of value is an independent draw from a common information dividend distribution at the end of each of fifteen trading periods. Fourteen of...
Price bubbles and crashes in experimental call markets
Van Boening, Mark V., Williams, Arlington W., LaMaster, Shawn
The Voluntary Provision of a Pure Public Good with Diminishing Marginal Returns.
Laury, Susan K, Walker, James M, Williams, Arlington W
In experiments investigating the voluntary provision of a pure public good, participants consistently allocate resources to this good when the Nash prediction is to allocate nothing. This paper...
symposium articles : Concurrent trading in two experimental markets with demand interdependence
Arlington W. Williams, John O. Ledyard, Steven Gjerstad, Vernon L. Smith
We report results from fifteen computerized double auctions with concurrent trading of two commodities. In contrast to prior experimental markets, buyers' demands are induced via CES earnings...
The Hayek Hypothesis in Experimental Auctions: Institutional Effects and Market Power.
Davis, Douglas D, Williams, Arlington W
The authors report twelve market experiments utilizing a "seller market power" supply and demand structure where two of five sellers can unilaterally increase their profit by withholding supply. The...
Comparing Small-Group and Individual Behavior in Lottery-Choice Experiments
Susan K. Laury, Arlington W. Williams
Lottery-choice experiments are conducted to compare risk preferences revealed by three-person groups versus isolated individuals. A lottery-choice experiment consists of a menu of paired lottery...
Comparing Small-Group and Individual Behavior in Lottery-Choice Experiments
Susan K. Laury, Arlington W. Williams
Lottery-choice experiments are conducted to compare risk preferences revealed by three-person groups versus isolated individuals. A lottery-choice experiment consists of a menu of paired lottery...
Effect of Non-binding Price Controls in Double Auction Trading
Smith, Vernon L., Williams, Arlington W., Charles R. Plott, Vernon L. Smith
Matching contributions and the voluntary provision of a pure public good: Experimental evidence
Baker II, Ronald J., Walker, James M., Williams, Arlington W.
Laboratory experiments are used to study the voluntary provision of a pure public good in the presence of an anonymous external donor. The external funds are used in two different settings, lump-sum...