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Field Experiments in Markets

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  • Omar Al-Ubaydli
  • John List

Abstract

This is a review of the literature of field experimental studies of markets. The main results covered by the review are as follows: (1) Generally speaking, markets organize the efficient exchange of commodities; (2) There are some behavioral anomalies that impede efficient exchange; (3) Many behavioral anomalies disappear when traders are experienced.

Suggested Citation

  • Omar Al-Ubaydli & John List, 2016. "Field Experiments in Markets," Artefactual Field Experiments j0002, The Field Experiments Website.
  • Handle: RePEc:feb:artefa:j0002
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    Cited by:

    1. Brit Grosskopf & Graeme Pearce, 2016. "Do you mind me paying less? Measuring Other-Regarding Preferences in the Market for Taxis," Natural Field Experiments 00556, The Field Experiments Website.
    2. Karlan, Dean & List, Jonathan A., 2012. "How Can Bill and Melinda Gates Increase Other People's Donations to Fund Public Goods?," Working Papers 101, Yale University, Department of Economics.
    3. repec:eee:jbrese:v:97:y:2019:i:c:p:51-64 is not listed on IDEAS
    4. Eric Floyd & John A. List, 2016. "Using Field Experiments in Accounting and Finance," Journal of Accounting Research, Wiley Blackwell, vol. 54(2), pages 437-475, May.
    5. Anell, Anders & Dietrichson, Jens & Ellegård, Lina Maria & Kjellsson, Gustav, 2017. "Information, Switching Costs, and Consumer Choice: Evidence from Two Randomized Field Experiments in Swedish Primary Health Care," Working Papers 2017:7, Lund University, Department of Economics, revised 27 Jun 2018.
    6. repec:bus:jphile:v:12:y:2019:i:2:n:1 is not listed on IDEAS
    7. Omar Al-Ubaydli & John A. List & Danielle LoRe & Dana Suskind, 2017. "Scaling for Economists: Lessons from the Non-Adherence Problem in the Medical Literature," Journal of Economic Perspectives, American Economic Association, vol. 31(4), pages 125-144, Fall.

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    JEL classification:

    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles

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