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On Nonbinding Price Controls in a Competitive Market

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  • Smith, Vernon L
  • Williams, Arlington W

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  • Smith, Vernon L & Williams, Arlington W, 1981. "On Nonbinding Price Controls in a Competitive Market," American Economic Review, American Economic Association, vol. 71(3), pages 467-474, June.
  • Handle: RePEc:aea:aecrev:v:71:y:1981:i:3:p:467-74
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    Cited by:

    1. Stocking, Andrew, 2012. "Unintended consequences of price controls: An application to allowance markets," Journal of Environmental Economics and Management, Elsevier, vol. 63(1), pages 120-136.
    2. Jamie Brown Kruse & Ozlem Ozdemir & Mark A. Thompson, 2005. "Market Forces and Price Ceilings: A Classroom Experiment," International Review of Economic Education, Economics Network, University of Bristol, vol. 4(2), pages 73-86.
    3. Steffen Huck & Gabriele K. Lünser & Jean-Robert Tyran, 2016. "Price competition and reputation in markets for experience goods: an experimental study," RAND Journal of Economics, RAND Corporation, vol. 47(1), pages 99-117, February.
    4. Kujal, Praveen, 2008. "Quantitative Restrictions in Experimental Posted-offer Markets," Handbook of Experimental Economics Results, in: Charles R. Plott & Vernon L. Smith (ed.), Handbook of Experimental Economics Results, edition 1, volume 1, chapter 28, pages 234-241, Elsevier.
    5. Giuseppe Attanasi & Kene Boun My & Andrea Guido & Mathieu Lefevbre, 2019. "Controlling Monopoly Power in a Classroom Double-Auction Market Experiment," Working Papers of BETA 2019-08, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    6. Christoph Engel, 2007. "The Cognitive Effect of a Minimum Wage. Comment," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 163(1), pages 52-55, March.
    7. Hans‐Theo Normann & Roberto Ricciuti, 2009. "Laboratory Experiments For Economic Policy Making," Journal of Economic Surveys, Wiley Blackwell, vol. 23(3), pages 407-432, July.
    8. Giuseppe Attanasi & Kene Boun My & Andrea Guido & Mathieu Lefebvre, 2020. "Controlling Monopoly Power in a Double-Auction Market Experiment," GREDEG Working Papers 2020-06, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    9. Freitag, Andreas & Roux, Catherine & Thöni, Christian, 2019. "Communication and Market Sharing: An Experiment on the Exchange of Soft and Hard Information," Working papers 2019/23, Faculty of Business and Economics - University of Basel.
    10. Ronald L. Oaxaca & David L. Dickinson, 2016. "Symmetric experimental designs: conditions for equivalence of panel data estimators," Journal of the Economic Science Association, Springer;Economic Science Association, vol. 2(1), pages 85-95, May.
    11. Stranlund, John K. & Murphy, James J. & Spraggon, John M., 2014. "Price controls and banking in emissions trading: An experimental evaluation," Journal of Environmental Economics and Management, Elsevier, vol. 68(1), pages 71-86.
    12. Ackert, Lucy F. & Church, Bryan & Jayaraman, Narayanan, 2001. "An experimental study of circuit breakers: The effects of mandated market closures and temporary halts on market behavior," Journal of Financial Markets, Elsevier, vol. 4(2), pages 185-208, April.
    13. Bottino, Eleonora & García-Muñoz, Teresa & Goddio, Cintia & Kujal, Praveen, 2016. "What is a fair wage? Reference points, entitlements and gift exchange," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 63(C), pages 125-135.
    14. Restiani, Phillia & Betz, Regina, 2010. "The Effects of Penalty Design on Market Performance: Experimental Evidence from an Emissions Trading Scheme with Auctioned Permits," Research Reports 107586, Australian National University, Environmental Economics Research Hub.
    15. Duffy, John, 2006. "Agent-Based Models and Human Subject Experiments," Handbook of Computational Economics, in: Leigh Tesfatsion & Kenneth L. Judd (ed.), Handbook of Computational Economics, edition 1, volume 2, chapter 19, pages 949-1011, Elsevier.
    16. David F. Perkis & Timothy N. Cason & Wallace E. Tyner, 2016. "An Experimental Investigation of Hard and Soft Price Ceilings in Emissions Permit Markets," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 63(4), pages 703-718, April.
    17. C. Duke & L. Gangadharan, 2005. "Salinity in Water Markets : An ExperimentalInvestigation of the Sunraysia Salinity Levy, Victoria," Department of Economics - Working Papers Series 950, The University of Melbourne.
    18. Ford, Andrew & Vogstad, Klaus & Flynn, Hilary, 2007. "Simulating price patterns for tradable green certificates to promote electricity generation from wind," Energy Policy, Elsevier, vol. 35(1), pages 91-111, January.
    19. Martin Dufwenberg & Uri Gneezy & Jacob Goeree & Rosemarie Nagel, 2007. "Price floors and competition," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 33(1), pages 211-224, October.
    20. Theodore C. Bergstrom, 2003. "Vernon Smith's Insomnia and the Dawn of Economics as Experimental Science," Scandinavian Journal of Economics, Wiley Blackwell, vol. 105(2), pages 181-205, June.
    21. D.J. Butler, 1990. "Experimental Techniques in Economics: Some lessons to date," Economics Discussion / Working Papers 90-22, The University of Western Australia, Department of Economics.
    22. Halevy, Yoram & Peters, Michael, 2007. "Other Regarding Preferences: Outcomes, Intentions, or Interdependence," Microeconomics.ca working papers peters-07-03-31-11-46-48, Vancouver School of Economics, revised 24 Jun 2009.
    23. Gode, Dhananjay (Dan) K. & Sunder, Shyam, 2004. "Double auction dynamics: structural effects of non-binding price controls," Journal of Economic Dynamics and Control, Elsevier, vol. 28(9), pages 1707-1731, July.
    24. Huck, Steffen & Ruchala, Gabriele K. & Tyran, Jean-Robert, 2007. "Pricing and Trust," CEPR Discussion Papers 6135, C.E.P.R. Discussion Papers.
    25. Ross M. Miller, 2012. "The Effect Of Boundary Conditions On Efficiency And Pricing In Double‐Auction Markets With Zero‐Intelligence Agents," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 19(3), pages 179-188, July.

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