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Designing `smart' computer-assisted markets : An experimental auction for gas networks

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  • McCabe, Kevin A.
  • Rassenti, Stephen J.
  • Smith, Vernon L.

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  • McCabe, Kevin A. & Rassenti, Stephen J. & Smith, Vernon L., 1989. "Designing `smart' computer-assisted markets : An experimental auction for gas networks," European Journal of Political Economy, Elsevier, vol. 5(2-3), pages 259-283.
  • Handle: RePEc:eee:poleco:v:5:y:1989:i:2-3:p:259-283
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    Cited by:

    1. Vasin Alexander & Vasina Polina, 2005. "Models of supply functions competition with application to the network auctions," EERC Working Paper Series 05-03e, EERC Research Network, Russia and CIS.
    2. 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.
    3. Murphy, James J. & Dinar, Ariel & Howitt, Richard E. & Rassenti, Stephen J. & Smith, Vernon L. & Weinberg, Marca, 2004. "Incorporating Instream Flow Values Into A Water Market," Working Paper Series 14525, University of Massachusetts, Amherst, Department of Resource Economics.
    4. Jamie Brown Kruse, 2017. "A Celebration of Vernon Smith's 90th Birthday and Lifetime Contributions to Economics and Beyond: Experiments That Inform Policy," Southern Economic Journal, John Wiley & Sons, vol. 83(3), pages 661-663, January.
    5. Paul J. Brewer & Charles R. Plott, 2002. "A Decentralized, Smart Market Solution to a Class of Back-Haul Transportation Problems: Concept and Experimental Test Beds," Interfaces, INFORMS, vol. 32(5), pages 13-36, October.
    6. James Murphy & Ariel Dinar & Richard Howitt & Steven Rassenti & Vernon Smith, 2000. "The Design of ``Smart'' Water Market Institutions Using Laboratory Experiments," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 17(4), pages 375-394, December.
    7. Bastian Henze & Charles Noussair & Bert Willems, 2012. "Regulation of network infrastructure investments: an experimental evaluation," Journal of Regulatory Economics, Springer, vol. 42(1), pages 1-38, August.
    8. Vernon Smith, 2002. "Method in Experiment: Rhetoric and Reality," Experimental Economics, Springer;Economic Science Association, vol. 5(2), pages 91-110, October.
    9. Kujal, Praveen, 1999. "Price ceilings and firm-specific quantity restrictions in posted-offer markets," Information Economics and Policy, Elsevier, vol. 11(4), pages 389-406, December.
    10. Tanga McDaniel & Neuhoff, K., 2002. "Use of Long-term Auctions for Network Investment," Cambridge Working Papers in Economics 0213, Faculty of Economics, University of Cambridge.
    11. James J. Murphy & Ariel Dinar & Richard E. Howitt & Erin Mastrangelo & Stephen J. Rassenti & Vernon L. Smith, 2006. "Mechanisms for Addressing Third-Party Impacts Resulting From Voluntary Water Transfers," Chapters, in: John A. List (ed.), Using Experimental Methods in Environmental and Resource Economics, chapter 5, Edward Elgar Publishing.
    12. Gallien, Jérémie. & Wein, Lawrence M., 2003. "Design and analysis of a smart market for industrial procurement," Working papers WP 4137-00., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    13. Miller, Ross M., 1996. "Smart market mechanisms: From practice to theory," Journal of Economic Dynamics and Control, Elsevier, vol. 20(6-7), pages 967-978.
    14. Ana C. Santos, 2011. "Experimental Economics," Chapters, in: John B. Davis & D. Wade Hands (ed.), The Elgar Companion to Recent Economic Methodology, chapter 3, Edward Elgar Publishing.
    15. Stoneham, Gary & O'Keefe, Andrew & Eigenraam, Mark & Bain, David, 2012. "Creating physical environmental asset accounts from markets for ecosystem conservation," Ecological Economics, Elsevier, vol. 82(C), pages 114-122.
    16. Nilsson, Jan-Eric, 1999. "Allocation of track capacity: Experimental evidence on the use of priority auctioning in the railway industry," International Journal of Industrial Organization, Elsevier, vol. 17(8), pages 1139-1162, November.

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