IDEAS home Printed from https://ideas.repec.org/p/hal/journl/halshs-00916937.html
   My bibliography  Save this paper

La contribution de l'économie expérimentale à l'analyse de l'efficacité des marchés

Author

Listed:
  • Stéphane Robin

    () (GATE Lyon Saint-Étienne - Groupe d'analyse et de théorie économique - CNRS - Centre National de la Recherche Scientifique - Université de Lyon - UJM - Université Jean Monnet [Saint-Étienne] - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - UL2 - Université Lumière - Lyon 2 - ENS Lyon - École normale supérieure - Lyon)

  • Carine Staropoli

    () (PSE - Paris School of Economics, CES - Centre d'économie de la Sorbonne - CNRS - Centre National de la Recherche Scientifique - UP1 - Université Panthéon-Sorbonne)

Abstract

The first market experiments conducted by Vernon Smith [1962] have highlighted the importance of market institutions for the efficiency of exchanges. These institutions organize the flows of information between market participants and incentivize individual decisions. They have an impact on prices' dynamics, trading volume, allocative and informational efficiency of the market. Over the past thirty years, experimental economics became an empirical method used to design market in various industries. The laboratory is used as a testbed to study the properties and measure the performances of any institutions in a simple, controlled and replicable environment. In this paper, we illustrate this approach by reviewing the main researches conducted in the lab on the design of electricity markets.

Suggested Citation

  • Stéphane Robin & Carine Staropoli, 2013. "La contribution de l'économie expérimentale à l'analyse de l'efficacité des marchés," Post-Print halshs-00916937, HAL.
  • Handle: RePEc:hal:journl:halshs-00916937
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00916937
    as

    Download full text from publisher

    File URL: https://halshs.archives-ouvertes.fr/halshs-00916937/document
    Download Restriction: no

    More about this item

    Keywords

    Economie expérimentale; Design de marché; Institution de marché; Marchés de l'électricité;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:halshs-00916937. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CCSD). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.