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

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  • Noelwah R. Netusil

Abstract

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.

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  • Noelwah R. Netusil, 2000. "Variations on a Theme: The Double-Oral Auction Market and Voluntary Contribution Mechanism Experiments," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 22(1), pages 267-284.
    • Handle: RePEc:oup:revage:v:22:y:2000:i:1:p:267-284.
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    File URL: http://hdl.handle.net/10.1111/1058-7195.00021
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    Cited by:

    1. Norbert L.W. Wilson & Robert G. Nelson, 2009. "A Laboratory Science Approach to Teaching in the Agricultural Economics Curriculum," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(2), pages 331-343.

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