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The effects of rent asymmetries in experimental auction markets

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  • Smith, Vernon L.
  • Williams, Arlington W.

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  • Smith, Vernon L. & Williams, Arlington W., 1982. "The effects of rent asymmetries in experimental auction markets," Journal of Economic Behavior & Organization, Elsevier, vol. 3(1), pages 99-116, March.
  • Handle: RePEc:eee:jeborg:v:3:y:1982:i:1:p:99-116
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    References listed on IDEAS

    as
    1. Machina, Mark J, 1982. ""Expected Utility" Analysis without the Independence Axiom," Econometrica, Econometric Society, vol. 50(2), pages 277-323, March.
    2. Karni, Edi & Safra, Zvi, 1990. "Rank-Dependent Probabilities," Economic Journal, Royal Economic Society, vol. 100(401), pages 487-495, June.
    3. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, pages 263-291.
    4. Rothschild, Michael & Stiglitz, Joseph E., 1970. "Increasing risk: I. A definition," Journal of Economic Theory, Elsevier, pages 225-243.
    5. Quiggin, John, 1982. "A theory of anticipated utility," Journal of Economic Behavior & Organization, Elsevier, pages 323-343.
    6. Maskin, Eric & Riley, John, 1985. "Input versus output incentive schemes," Journal of Public Economics, Elsevier, vol. 28(1), pages 1-23, October.
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    Cited by:

    1. J. Quiggin & H. Nurmi & T. Cason & R. Färe & A. Greiner & Y. Aharoni & N. Rankin & M. Ward & R. Burkhauser & G. Tullock, 2000. "Book reviews," Journal of Economics, Springer, pages 80-107.
    2. Ruffle, Bradley J., 2005. "Tax and subsidy incidence equivalence theories: experimental evidence from competitive markets," Journal of Public Economics, Elsevier, pages 1519-1542.
    3. C.Mónica Capra & Tomomi Tanaka & ColinF. Camerer & Lauren Feiler & Veronica Sovero & CharlesN. Noussair, 2009. "The Impact of Simple Institutions in Experimental Economies with Poverty Traps," Economic Journal, Royal Economic Society, vol. 119(539), pages 977-1009, July.
    4. Bohm, Peter, 2003. "Experimental evaluations of policy instruments," Handbook of Environmental Economics,in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 1, chapter 10, pages 437-460 Elsevier.
    5. Gjerstad, Steven, 2007. "The competitive market paradox," Journal of Economic Dynamics and Control, Elsevier, vol. 31(5), pages 1753-1780, May.
    6. Cason, Timothy N. & Friedman, Daniel, 1996. "Price formation in double auction markets," Journal of Economic Dynamics and Control, Elsevier, vol. 20(8), pages 1307-1337, August.
    7. Duke, Charlotte & Gangadharan, Lata, 2008. "Salinity in water markets: An experimental investigation of the Sunraysia Salinity Levy in Australia," Ecological Economics, Elsevier, vol. 68(1-2), pages 486-503, December.
    8. Raja Rajendra Timilsina & Koji Kotani, 2015. "Evaluating the potential of marketable permits in a framed field experiment: Forest conservation in Nepal," Working Papers SDES-2015-22, Kochi University of Technology, School of Economics and Management, revised Sep 2015.
    9. Freeman, David & Kimbrough, Erik O. & Reiss, J. Philipp, 2017. "Opportunity cost, inattention and the bidder's curse," Working Paper Series in Economics 101, Karlsruhe Institute of Technology (KIT), Department of Economics and Business Engineering.
    10. Casella, Alessandra & Palfrey, Thomas & Turban, Sébastien, 2014. "Vote trading with and without party leaders," Journal of Public Economics, Elsevier, pages 115-128.
    11. Bohm, Peter & Carlen, Bjorn, 1999. "Emission quota trade among the few: laboratory evidence of joint implementation among committed countries," Resource and Energy Economics, Elsevier, pages 43-66.
    12. 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.
    13. Noussair, Charles N & Plott, Charles R & Riezman, Raymond G, 1997. "The Principles of Exchange Rate Determination in an International Financial Experiment," Journal of Political Economy, University of Chicago Press, vol. 105(4), pages 822-861, August.
    14. Deck, Cary A. & McCabe, Kevin A. & Porter, David P., 2006. "Why stable fiat money hyperinflates: Results from an experimental economy," Journal of Economic Behavior & Organization, Elsevier, vol. 61(3), pages 471-486, November.
    15. 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.
    16. Nathaniel T. Wilcox & Mark V. Van Boening, 2003. "Distribution and Dynamics in a Simple Tax Regime Transition," Working Papers 2003-02 Classification-C9, Department of Economics, University of Houston.
    17. Timilsina, Raja Rajendra & Kotani, Koji, 2017. "Evaluating the potential of marketable permits in a framed field experiment: Forest conservation in Nepal," Journal of Forest Economics, Elsevier, pages 25-37.
    18. Jose Apesteguia & Martin Dufwenberg & Reinhard Selten, 2007. "Blowing the Whistle," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 31(1), pages 143-166, April.
    19. repec:nea:journl:y:2017:i:34:p:39-57 is not listed on IDEAS
    20. Joyce, Patrick, 1998. "Demand revelation and tatonnement auctions," Journal of Economic Behavior & Organization, Elsevier, vol. 36(2), pages 163-175, August.

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