An Experimental Analysis of the Structure of Legal Fees: American Rule vs. (2007)
English Rule, Peter J. Coughlan, Charles R. Plott
The expanding volume of lawsuits and the ballooning of legal expenditures in recent years has attracted the interest, concern, and even anger of the American public and politicians. These...
Pasadena, California 91125 (2007)
Öð� Ê Èðóøø, Jacob K. Goeree, Charles R. Plott, John Wooders
Sales of multiple real-estate properties are often conducted via a sequence of ascending auctions, giving the winner at each stage the right to choose one of the available lots. We show that when...
Plott, Charles R., Zeiler, Kathryn
Systematic asymmetries in exchange behavior have been widely interpreted as support for "endowment effect theory," an application of prospect theory positing that loss aversion and utility function...
Plott, Charles R., Zeiler, Kathryn
Systematic asymmetries in exchange behavior have been widely interpreted as support for “endowment effect theory,” an application of prospect theory positing that loss aversion and utility...
The predictive power of Box office prophecy (2007)
Overall, Box office Prophecy is very successful. The data show that amazingly accurate predictions can be made. Ten or so participants between them often have enough information to accurately assign...
The predictive power of Box office prophecy (2007)
Overall, Box office Prophecy is very successful. The data show that amazingly accurate predictions can be made. Ten or so participants between them often have enough information to accurately assign...
The predictive power of Box office prophecy (2007)
Overall, Box office Prophecy is very successful. The data show that amazingly accurate predictions can be made. Ten or so participants between them often have enough information to accurately assign...
Plott, Charles R, Zeiler, Kathryn
Systematic asymmetries in exchange behavior have been widely interpreted as support for "endowment effect theory," an application of prospect theory positing that loss aversion associated with...
Plott, Charles R, Zeiler, Kathryn
Systematic asymmetries in exchange behavior have been widely interpreted as support for "endowment effect theory," an application of prospect theory positing that loss aversion associated with...
Plott, Charles R., Zeiler, Kathryn
We conduct experiments to explore the possibility that subject misconceptions, as opposed to a particular theory of preferences referred to as the “endowment effect,” account for reported gaps...
FORCED INFORMATION DISCLOSURE AND THE FALLACY OF TRANSPARENCY IN MARKETS (2005)
Cason, Timothy N., Plott, Charles R.
A theory advanced in regulatory hearings holds that market performance will be improved if one side of the market is forced to publicly reveal preferences. For example, wholesale electricity...
Forced Information Disclosure and the Fallacy of Transparency in Markets (2005)
Cason, Timothy N., Plott, Charles R.
A theory advanced in regulatory hearings holds that market performance will be improved if one side of the market is forced to publicly reveal preferences. For example, wholesale electricity...
Öð� Ê Èðóøø, Kay-yut Chen, Kay-yut Chen, Hewlett Packard Laboratories, Hewlett Packard Laboratories, Charles R. Plott, ...
Information Aggregation Mechanisms are economics mechanisms designed explicitly for the purpose of collecting and aggregating information. The modern theory of rational expectations, together with...
Hung, Angela A., Plott, Charles R.
[no abstract]
Experimental Study of Interdependent Systems: Markets and Networks (1998)
This report covers some of the first applications of laboratory experimental methods in economics to the problems of understanding the principles that govern adjustments in complex networks of...
The Principles of Exchange Rate Determination in an International Finance Experiment (1997)
Noussair, Charles N., Plott, Charles R., Riezman, Raymond G.
This paper reports the first experiments designed to explore the behavior of economies with prominent features of international finance. Two “countries,” each with its own currency, were created....
The Groves-Ledyard Mechanism: An Experimental Study of Institutional Design (1996)
Yan Chen, Charles R. Plott, Arthur "skip Lupia
The Groves-Ledyard mechanism theoretically can solve the "free-rider" problem in public good provision in certain environments. Two questions are of overriding importance in implementing...
Johnson, Michael David, Plott, Charles R.
A series of four experimental markets are described which examine the effect that different trading institutions have on sellers' price expectations and market behavior. The results suggest that when...
http://deepblue.lib.umich.edu/bitstream/2027.42/35976/2/b1410830.0001.001.pdf
GRETHER, DAVID M., PLOTT, CHARLES R.
This study reports on the performance of experimental markets characterized by industrial structure and practices similar to those at issue in the Ethyl case. The central question is whether price...
Studies in the analysis of economic time series [microform] / (1968)
Grether, David M., Plott, Charles R.
Thesis--Stanford University.
Information Aggregation in Double Auctions: Rational Expectations and the Winner’s Curse (1891)
Öð� Ê Èðóøø, Serena Guarnaschelli, Anthony M. Kwasnica, Charles R. Plott
This paper inquires about the ability of double auction institutions to aggregate information in the context of a “common value ” information structure that is known to produce the winner’s...
IN A COMMON-POOL RESOURCE ENVIRONMENT (1891)
Öð� Ê Èðóøø, Marco Casari, Marco Casari, Charles R. Plott, Charles R. Plott
The role of a specific institution in avoiding a "tragedy of the commons" situation in a common pool-resource environment is studied experimentally. The resource users privately...
Ú� Å �ö�ø��ö, Stephanie Kovalchik, Colin F. Camerer, David M. Grether, Charles R. Plott, John M. Allman
We report the results of experiments on economic decisions with two populations, one of healthy elderly individuals (average age 82) and one of younger students (average age 20). We examine...
Rate Filing Policies for Inland Water Transportation: An Experimental Approach
James T. Hong, Charles R. Plott
This study uses laboratory experiments to explore the possible consequences of a proposed rate publication policy for the domestic, dry bulk commodity transportation industry on inland waterways. The...
Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets.
Plott, Charles R, Sunder, Shyam
The study explores the information aggregation properties of experimental markets. A fully-revealing rational expectations equilibrium exists in the competitive model of each of the markets studied....
Martin Barner, Francesco Feri, Charles R. Plott
Experiments were conducted on an asset with the structure of an option. The information of any individual is limited, as if only the direction of movement of the option value known for a single...
Aging and decision making: a comparison between neurologically healthy elderly and young individuals
Kovalchik, Stephanie, Camerer, Colin F., Grether, David M., Plott, Charles R., Allman, John M.
Basic Principles of Asset Pricing Theory: Evidence From Large-Scale Experimental Financial Markets
Bossaerts, Peter, Plott, Charles R.
We report on six large-scale nancial markets experiments that were designed to test two of the most basic propositions of modern asset pricing theory, namely, that the interaction between risk averse...
Parimutuel betting markets as information aggregation devices: experimental results
Charles R. Plott, Jorgen Wit, Winston C. Yang
The demonstrated capacity of markets to aggregate information motivates research on alternative institutions designed to do the same task. This study inquires about forms of parimutuel betting...
Bidders' Choice Auctions: Raising Revenues Through the Right to Choose
Jacob K. Goeree, Charles R. Plott, John Wooders
Sales of multiple real-estate properties are often conducted via a sequence of ascending auctions, giving the winner at each stage the right to choose one of the available lots. We show that when...
tacit collusion, information, auctions, game theory
Product Quality, Informational Efficiency and Regulations in Experimental Markets.
Lynch, Michael, Miller, Ross M., Plott, Charles R., Porter, Russell.
On the Behavioral Foundations of the Law of Supply and Demand: Human Rationality vs. Randomness
Brewer, Paul J., Huang, Maria, Nelson, Brad, Plott, Charles R.
An Experimental Investigation of the Patterns of International Trade.
Noussair, Charles N, Plott, Charles R, Riezman, Raymond G
This paper studies a laboratory economy with some of the prominent features of an international economic system. The patterns of trade and output predicted by the law of comparative advantage are...
Forced information disclosure and the fallacy of transparency in markets
Cason, Timothy N., Plott, Charles R.
A theory advanced in regulatory hearings holds that market performance will be improved if one side of the market is forced to publicly reveal preferences. For example, wholesale electricity...
Aging and decision making: A comparison between neurologically healthy elderly and young individuals
Kovalchik, Stephanie, Camerer, Colin F., Grether, David M., Plott, Charles R., Allman, John M.
We report the results of experiments on economic decisions with two populations, one of healthy elderly individuals (average age 82) and one of younger students (average age 20). We examine...
Information Aggregation in Double Auctions: Rational Expectations and the Winner's Curse
Guarnaschelli, Serena, Kwasnica, Anthony M., Plott, Charles R.
"Global Instability in Experimental General Equilibrium: The Scarf Example"
Anderson, Christopher M., Granat, Sander, Plott, Charles R., Shimomura, Ken-Ichi
Information Aggregation in Experimental Asset Markets: Traps and Misaligned Beliefs
Noeth, Markus, Camerer, Colin F., Plott, Charles R., Webber, Martin
The capacity of markets to aggregate information has been conclusively demonstrated but the limitations of that capacity have still not been fully explored. In this paper, we demonstrate the...
An Experimental Analysis of the Structure of Legal Fees: American Rule vs. English Rule
Coughlan, Peter J., Plott, Charles R.
The expanding volume of lawsuits and the ballooning of legal expenditures in recent years has attracted the interest, concern, and even anger of the American public and politicians. These...
Laboratory Experimental Testbeds: Application to the PCS Auction
The paper reviews the uses of laboratory experimental economics methods in the background research and implementation of the Personal Communication Systems auctions held by the Federal Communications...
The Principles of Exchange Rate Determination in an International Finance Experiment
Noussair, Charles N., Plott, Charles R., Riezman, Raymond. G.
Charles R. Plott, Kathryn Zeiler
Systematic asymmetries in exchange behavior have been widely interpreted as support for "endowment effect theory," an application of prospect theory positing that loss aversion and utility function...
An Experimental Analysis of Unanimity in Public Goods Provision Mechanisms.
Banks, Jeffrey S, Plott, Charles R, Porter, David P
This paper reports on an experimental investigation of four methods of allocating public goods. The two basic processes studied ar e direct contribution and a public goods auction process. Both of...
Lei, Vivian, Noussair, Charles N, Plott, Charles R
We report the results of an experiment designed to study the role of speculation in the formation of bubbles and crashes in laboratory asset markets. In a setting in which speculation is not...
Charles R. Plott, Kathryn Zeiler
We conduct experiments to explore the possibility that subject misconceptions, as opposed to a particular theory of preferences referred to as the "endowment effect," account for reported gaps...
Myagkov, Mikhail, Plott, Charles R
Exchange economies were created in which individuals faced losses. If people are risk seeking in the losses, as predicted by prospect theory, then due to the nonconvexity, the competitive equilibria...
Marshallian vs. Walrasian Stability in an Experimental Market.
Plott, Charles R, George, Glen
Twelve markets were studied. All markets had downward sloping supply functions created by Marshallian-type external economies in which the costs of individual firms increase with their own volume but...
General equilibrium, markets, macroeconomics and money in a laboratory experimental environment
This paper reports on the use of laboratory experimental techniques to create relatively complete economic systems. The creation of these market systems reflects a first attempt to explore the nature...
General equilibrium, markets, macroeconomics and money in a laboratory experimental environment
This paper reports on the use of laboratory experimental techniques to create relatively complete economic systems. The creation of these market systems reflects a first attempt to explore the nature...
Guler, Kemal, Plott, Charles R, Vuong, Quang H
This paper applies an experimental testbed methodology to the evaluation of a proposed mechanism for allocating the right to land at the New York airports. The mechanism is called a "zero-out...
Forced Information Disclosure and the Fallacy of Transparency in Markets
Timothy N. Cason, Charles R. Plott
A theory advanced in regulatory hearings holds that market performance will be improved if one side of the market is forced to publicly reveal preferences. For example, wholesale electricity...
This article investigates the stability properties of markets with backward-bending supply curves. Parameters are chosen so that the two classic models of price dynamics, the Walrasian model and the...
The Principles of Exchange Rate Determination in an International Financial Experiment.
Noussair, Charles N, Plott, Charles R, Riezman, Raymond G
This paper reports the first experiments designed to explore the behavior of economies with prominent features of international finance. Two 'countries,' each with its own currency, were created....
From Market Jaws to the Newton Method: The Geometry of How a Market Can Solve Systems of Equations
Bossaerts, Peter, Plott, Charles R., Charles R. Plott, Vernon L. Smith
Exogenous Uncertainty Increases the Bid-Ask Spread in the Continuous Double Auction
Smith, Vernon L., Van Boening, Mark, Charles R. Plott, Vernon L. Smith
Effect of Non-binding Price Controls in Double Auction Trading
Smith, Vernon L., Williams, Arlington W., Charles R. Plott, Vernon L. Smith
Fairness and Short Run Price Adjustment in Posted Offer Markets
Kujal, Praveen, Smith, Vernon L., Charles R. Plott, Vernon L. Smith
Bronfman, Corinne, McCabe, Kevin, Porter, David, Rassenti, Stephen, Smith, Vernon, Charles R. Plott, ...
Wage Differentials in Experimental Efficiency Wage Markets
Fehr, Ernst, Gächter, Simon, Charles R. Plott, Vernon L. Smith
The Exercise of Market Power in Laboratory Experiments
Davis, Douglas D., Holt, Charles A., Charles R. Plott, Vernon L. Smith
The Classical Experiments on Cournot Oligopoly
Bosch-Domènech, Antoni, Vriend, Nicolaas J., Charles R. Plott, Vernon L. Smith
Experiments in Decentralized Monopoly Restraint
Cox, James C., Isaac, R. Mark, Charles R. Plott, Vernon L. Smith
The Effects of Collusion in Laboratory Experiments
Davis, Douglas D., Holt, Charles A., Charles R. Plott, Vernon L. Smith
Predatory Pricing: Rare Like a Unicorn?
Gomez, Rosario, Goeree, Jacob K., Charles R. Plott, Vernon L. Smith
Avoidable Cost Structures and Competitive Market Institutions
Boening, Mark V., Wilcox, Nathaniel T., Charles R. Plott, Vernon L. Smith
Off-floor Trading, Market Disintegration and Price Volatility in Bid/Ask Markets
Smith, Vernon L., Van Boening, Mark, Charles R. Plott, Vernon L. Smith
Bubbles and Crashes in Experimental Asset Markets: Common Knowledge Failure?
Noussair, Charles, Plott, Charles, Charles R. Plott, Vernon L. Smith
A Comparison of Market Institutions
Cason, Timothy N., Friedman, Daniel, Charles R. Plott, Vernon L. Smith
Coordination Success in Non-cooperative Large Group Market Entry Games
Rapoport, Amnon, Seale, Darryl A., Charles R. Plott, Vernon L. Smith
2. Market Economics of Uncertainty and Information
Plott, Charles R., Smith, Vernon L., Charles R. Plott, Vernon L. Smith
Laboratory Tests of Job Search Models
Cox, James C., Oaxaca, Ronald L., Charles R. Plott, Vernon L. Smith
Information Cascade Experiments
Anderson, Lisa R., Holt, Charles A., Charles R. Plott, Vernon L. Smith
Markets and Information Aggregation Mechanisms
Chen, Kay-Yut, Plott, Charles R., Charles R. Plott, Vernon L. Smith
3. General Equilibrium and Multiple Market Systems
Plott, Charles R., Smith, Vernon L., Charles R. Plott, Vernon L. Smith
Price Discovery and Allocation in Chains and Networks of Markets
Plott, Charles R., Yeung, Jackie, Charles R. Plott, Vernon L. Smith
Reciprocity in Ultimatum and Dictator Games: An Introduction
Hoffman, Elizabeth, McCabe, Kevin, Smith, Vernon, Charles R. Plott, Vernon L. Smith
Preferences and Property Rights in Ultimatum and Dictator Games
Hoffman, Elizabeth, McCabe, Kevin, Smith, Vernon, Charles R. Plott, Vernon L. Smith
Prompting Strategic Reasoning Increases Other-regarding Behavior
Hoffman, Elizabeth, McCabe, Kevin, Smith, Vernon, Charles R. Plott, Vernon L. Smith
Social Distance and Reciprocity in Dictator Games
Hoffman, Elizabeth, McCabe, Kevin, Smith, Vernon, Charles R. Plott, Vernon L. Smith
Coordination Failure in Market Statistic Games
Van Huyck, John, Battalio, Raymond, Charles R. Plott, Vernon L. Smith
The Problem of Common Choice in Symmetric N-person Coordination Games
Rhodes, Carl M., Wilson, Rick K., Charles R. Plott, Vernon L. Smith
463-471
Equilibrium Convergence in Normal Form Games
Bouchez, Nicole, Friedman, Daniel, Charles R. Plott, Vernon L. Smith
Analyzing Choice with Revealed Preference: Is Altruism Rational?
Andreoni, James, Miller, John H., Charles R. Plott, Vernon L. Smith
Testing Theories of Other-regarding Behavior: A Sequence of Four Laboratory Studies
Bolton, Gary E., Brandts, Jordi, Katok, Elena, Ockenfels, Axel, Zwick, Rami, Charles R. Plott, ...
Differences in the Economic Decisions of Men and Women: Experimental Evidence
Eckel, Catherine C., Grossman, Philip J., Charles R. Plott, Vernon L. Smith
This chapter reviews the results from public goods, ultimatum, and dictator experiments for evidence of systematic differences in the behavior of men and women. While the results do not offer...
Self-centered Fairness in Games with More Than Two Players
Bolton, Gary E., Ockenfels, Axel, Charles R. Plott, Vernon L. Smith
Quantal Response Equilibria: A Brief Synopsis
McKelvey, Richard D., Palfrey, Thomas R., Charles R. Plott, Vernon L. Smith
Asymmetric Two-person Bargaining Under Incomplete Information: Strategic Play and Adaptive Learning
Rapoport, Amnon, Daniel, Terry E., Seale, Darryl A., Charles R. Plott, Vernon L. Smith
The Effect of Message Space Size on Learning and Outcomes in Sender-Receiver Games
Blume, Andreas, DeJong, Douglas V., Sprinkle, Geoffrey B., Charles R. Plott, Vernon L. Smith
Payoff Uncertainty and Cooperation in Finitely-repeated Prisoner's Dilemma Games
Kahn, Lawrence M., Murnighan, J. Keith, Charles R. Plott, Vernon L. Smith
Learning and Equilibrium in Games
Camerer, Colin F., Ho, Teck H., Chong, Juin-Kuan, Charles R. Plott, Vernon L. Smith
5. Mechanism Design and Policy Applications
Plott, Charles R., Smith, Vernon L., Charles R. Plott, Vernon L. Smith
Share Trading and Coupon Banking Interact to Improve Performance in Emission Trading Markets
Mestelman, Stuart, Muller, R. Andrew, Charles R. Plott, Vernon L. Smith
Electric Power Market Design Issues and Laboratory Experiments
Rassenti, Stephen, Smith, Vernon, Charles R. Plott, Vernon L. Smith
Transmission Constraints, Incentive Auction Rules and Trader Experience in an Electric Power Market
Backerman, Steven, Rassenti, Stephen, Smith, Vernon L., Charles R. Plott, Vernon L. Smith
A Smart Market for the Spot Pricing and Pricing of Transmission Through a Power Grid
Chao, Hung-Po, Plott, Charles R., Charles R. Plott, Vernon L. Smith
Results from a Dozen Years of Election Futures Markets Research
Berg, Joyce, Forsythe, Robert, Nelson, Forrest, Rietz, Thomas, Charles R. Plott, Vernon L. Smith
Experimental Evidence on the Existence of Hypothetical Bias in Value Elicitation Methods
Harrison, Glenn W., Rutström, E. Elisabet, Charles R. Plott, Vernon L. Smith
6. Non-market and Organizational Research
Plott, Charles R., Smith, Vernon L., Charles R. Plott, Vernon L. Smith
Partners versus Strangers: Random Rematching in Public Goods Experiments
Andreoni, James, Croson, Rachel, Charles R. Plott, Vernon L. Smith
Voluntary Provision of Public Goods: Experimental Results with Interior Nash Equilibria
Laury, Susan K., Holt, Charles A., Charles R. Plott, Vernon L. Smith
Explaining the Comparative Statics in Step-Level Public Good Games
Schram, Arthur, Offerman, Theo, Sonnemans, Joep, Charles R. Plott, Vernon L. Smith
Cooperation in VCM Experiments: Results Using the Contribution Function Approach
Brandts, Jordi, Schram, Arthur, Charles R. Plott, Vernon L. Smith
Voluntary Provision of Public Goods
Chan, Kenneth S., Mestelman, Stuart, Muller, R. Andrew, Charles R. Plott, Vernon L. Smith
Intrinsic Motivation in a Public Good Environment
Van Winden, Frans, Van Dijk, Frans, Sonnemans, Joep, Charles R. Plott, Vernon L. Smith
Theoretical Explanations of Treatment Effects in Voluntary Contributions Experiments
Holt, Charles A., Laury, Susan K., Charles R. Plott, Vernon L. Smith
Institutional Modifications of Majority Rule
Bottom, William P., King, Ronald A., Handlin, Larry, Miller, Gary J., Charles R. Plott, Vernon L. Smith
Participation Game Experiments: Explaining Voter Turnout
Sonnemans, Joep, Schram, Arthur, Charles R. Plott, Vernon L. Smith
Growing Organizational Culture in the Laboratory
Camerer, Colin F., Weber, Roberto, Charles R. Plott, Vernon L. Smith
7. Individual Choice, Beliefs and Behavior
Plott, Charles R., Smith, Vernon L., Charles R. Plott, Vernon L. Smith
Motivation Theory and Experimental Behavior under the Decision Cost Hypothesis
Smith, Vernon L., Walker, James M., Charles R. Plott, Vernon L. Smith
Intertemporal Choice under Habit Formation
Fehr, Ernst, Zych, Peter K., Charles R. Plott, Vernon L. Smith
The Endowment Effect: Evidence of Losses Valued More than Gains
Kahneman, Daniel, Knetsch, Jack L., Thaler, Richard H., Charles R. Plott, Vernon L. Smith
Rationality the Fast and Frugal Way: Introduction
Gigerenzer, Gerd, Todd, Peter M., Charles R. Plott, Vernon L. Smith
The Recognition Heuristic and the Less-Is-More Effect
Goldstein, Daniel G., Gigerenzer, Gerd, Charles R. Plott, Vernon L. Smith
The Recognition Heuristic: A Fast and Frugal Way to Investment Choice?
Ortmann, Andreas, Gigerenzer, Gerd, Borges, Bernhard, Goldstein, Daniel G., Charles R. Plott, Vernon L. Smith
Gigerenzer, Gerd, Martignon, Laura, Hoffrage, Ulrich, Rieskamp, Jörg, Czerlinski, Jean, Goldstein, Daniel G., ...
Cognitive Illusions Reconsidered
Gigerenzer, Gerd, Hertwig, Ralph, Hoffrage, Ulrich, Sedlmeier, Peter, Charles R. Plott, Vernon L. Smith
Payoff Scale Effects and Risk Preference Under Real and Hypothetical Conditions
Laury, Susan K., Holt, Charles A., Charles R. Plott, Vernon L. Smith
Rewards and Behavior in First Price Auctions
Smith, Vernon L., Walker, James M., Charles R. Plott, Vernon L. Smith
Men, Women and Risk Aversion: Experimental Evidence
Eckel, Catherine C., Grossman, Philip J., Charles R. Plott, Vernon L. Smith
Experimetrics: The Use of Market Experiments to Evaluate the Performance of Econometric Estimators
Cox, James C., Oaxaca, Ronald L., Charles R. Plott, Vernon L. Smith
On the Performance of the Lottery Procedure for Controlling Risk Preferences
Berg, Joyce E., Rietz, Thomas A., Dickhaut, John W., Charles R. Plott, Vernon L. Smith
Handbook of Experimental Economics Results
Charles R. Plott, Vernon L. Smith
Experimental Economics Results
Handbook of Experimental Economics Results
Charles R. Plott, Vernon L. Smith
Experimental Economics Results
Handbook of Experimental Economics Results
Charles R. Plott, Vernon L. Smith
Experimental Economics Results
Handbook of Experimental Economics Results
Charles R. Plott, Vernon L. Smith
Experimental Economics Results
Handbook of Experimental Economics Results
Charles R. Plott, Vernon L. Smith
Experimental Economics Results
Handbook of Experimental Economics Results
Charles R. Plott, Vernon L. Smith
Experimental Economics Results
Handbook of Experimental Economics Results
Charles R. Plott, Vernon L. Smith
Experimental Economics Results
Handbook of Experimental Economics Results
Charles R. Plott, Vernon L. Smith
Experimental Economics Results
Axelrod, Boris S., Kulick, Ben J., Plott, Charles R., Roust, Kevin A.
Information aggregation mechanisms (IAMs) based on parimutuel-type betting systems can aggregate information from complex environments. However, the performance of previously studied systems is...
The objective of the paper is to study markets in which the value of the activity to any one person increases with the level with which the activity is undertaken by others. The general...
ALEXANDER L. BROWN, CHARLES R. PLOTT, HEIDI J. SULLIVAN
"This article demonstrates that a robust tacit collusion evolves quickly in a "collusion incubator" environment but is destroyed by the simultaneous descending price auction. Theories of...
"The paper studies bidder behavior in simultaneous, continuous, ascending price auctions. We design and implement a "collusion incubator" environment based on a type of public, symmetrically "folded"...