Details about Vernon Smith

E-mail:
Homepage:	http://www.ices-gmu.org
Phone:	703-993-4842
Postal address:	4400 University Blvd, MSN 1B2 Fairfax, VA 22030
Workplace:	Cato Institute, (more information at EDIRC) Center for Economic Design, Boğaziçi Üniversitesi (Bosphorus University), (more information at EDIRC) Economics Department, George Mason University, (more information at EDIRC) Interdisciplinary Center for Economic Science (ICES), George Mason University, (more information at EDIRC)

Access statistics for papers by Vernon Smith.

Last updated 2007-03-18. Update your information in the RePEc Author Service.

Short-id: psm12

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Working Papers

2005

1. When Punishment Fails: Research on Sanctions, Intentions and Non- Cooperation
   Experimental, EconWPA View citations
   Also in
   Experimental, EconWPA (2005) View citations

2004

2. Sustaining Cooperation in trust Games
   Experimental, EconWPA View citations

2003

3. FAIRNESS AND SHORT RUN PRICE ADJUSTMENT IN POSTED OFFER MARKETS
   Economics Working Papers, Universidad Carlos III, Departamento de Economía View citations
4. THE ENDOWMENT EFFECT
   Economics Working Papers, Universidad Carlos III, Departamento de Economía View citations

1997

5. Do the Richer get Richer and the Poor Poorer? Experimental Tests of a Model of Power
   UCLA Economics Working Papers, UCLA Department of Economics
   See Also Journal Article in American Economic Review (1998)

1992

6. An Experimental Examination of the Walrasian Tatonnement Mechanism
   Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
   See Also Journal Article in RAND Journal of Economics (1996)
7. Price Expectations in Experimental Asset Markets with Futures Contracting
   Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences

1975

8. Economics of Wilderness Resources
   Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
9. Experimental Economics: Theory and Results
   Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences

1974

10. Recycling and Exhaustive Resources
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences

Undated

11. An Experimental Examination of Two Exchange Institutions
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
    See Also Journal Article in Review of Economic Studies (1978)
12. An Optimistic Theory of Exhaustible Resources
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
13. Bidding and Auctioning Institutions: Experimental Results
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
14. Economics of the Primitive Hunter Culture with Applications to Pleistocene Extinction and the Rise of Agriculture
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
15. Intertemporal Competitive Equilibrium: An Empirical Study of Speculation
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
    See Also Journal Article in The Quarterly Journal of Economics (1977)
16. Notes on Some Literature in Experimental Economics
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
17. Optimal Costly Firm Entry in General Equilibrium
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences

Journal Articles

2005

1. Behavioral economics research and the foundations of economics
   The Journal of Socio-Economics, 2005, 34, (2), 135-150 View citations
2. Hayek and Experimental Economics
   The Review of Austrian Economics, 2005, 18, (2), 135-144

2004

3. Cultural group selection, co evolutionary processes and large-scale cooperation (by Joseph Henrich)
   Journal of Economic Behavior & Organization, 2004, 53, (1), 85-88
4. Oligopoly competition in fixed cost environments
   International Journal of Industrial Organization, 2004, 22, (2), 147-162 View citations

2003

5. Constructivist and Ecological Rationality in Economics
   American Economic Review, 2003, 93, (3), 465-508 View citations
6. Discriminatory Price Auctions in Electricity Markets: Low Volatility at the Expense of High Price Levels
   Journal of Regulatory Economics, 2003, 23, (2), 109-23 View citations
7. Positive reciprocity and intentions in trust games
   Journal of Economic Behavior & Organization, 2003, 52, (2), 267-275 View citations
8. Theory, experiment and the federal communications commission spectrum auctions
   Journal of Economic Behavior & Organization, 2003, 51, (3), 303-350 View citations

2002

9. Using the Machiavellianism instrument to predict trustworthiness in a bargaining game
   Journal of Economic Psychology, 2002, 23, (1), 49-66 View citations

2001

10. Spot market mechanism design and competitivity issues in electric power
    Journal of Economic Behavior & Organization, 2001, 44, (4), 435-453 View citations

2000

11. Adaptation and convergence of behavior in repeated experimental Cournot games
    Journal of Economic Behavior & Organization, 2000, 41, (2), 117-146 View citations
12. Friend-or-foe intentionality priming in an extensive form trust game
    Journal of Economic Behavior & Organization, 2000, 43, (1), 57-73 View citations
13. Momentum and overreaction in experimental asset markets
    International Journal of Industrial Organization, 2000, 18, (1), 187-204 View citations
14. symposium articles: Concurrent trading in two experimental markets with demand interdependence
    Economic Theory, 2000, 16, (3), 511-528
15. symposium articles: Dividend timing and behavior in laboratory asset markets
    Economic Theory, 2000, 16, (3), 567-583

1999

16. Social Distance and Other-Regarding Behavior in Dictator Games: Reply
    American Economic Review, 1999, 89, (1), 340-341 View citations
17. The Winner's Curse and Public Information in Common Value Auctions: Comment
    American Economic Review, 1999, 89, (1), 319-324 View citations

1998

18. Behavioral Foundations of Reciprocity: Experimental Economics and Evolutionary Psychology
    Economic Inquiry, 1998, 36, (3), 335-52 View citations
19. Do the Rich Get Richer and the Poor Poorer? Experimental Tests of a Model of Power
    American Economic Review, 1998, 88, (4), 970-83 View citations
    See Also Working Paper (1997)
20. Reciprocity, Trust, and Payoff Privacy in Extensive Form Bargaining
    Games and Economic Behavior, 1998, 24, (1-2), 10-24 View citations

1996

21. An Experimental Examination of the Walrasian Tatonnement Mechanism
    RAND Journal of Economics, 1996, 27, (4), 681-699 View citations
    See Also Working Paper (1992)
22. Experimental tests of the endowment effect
    Journal of Economic Behavior & Organization, 1996, 30, (2), 213-226 View citations
23. On Expectations and the Monetary Stakes in Ultimatum Games
    International Journal of Game Theory, 1996, 25, (3), 289-301 View citations
24. Social Distance and Other-Regarding Behavior in Dictator Games
    American Economic Review, 1996, 86, (3), 653-60 View citations

1995

25. Futures Contracting and Dividend Uncertainty in Experimental Asset Markets
    Journal of Business, 1995, 68, (4), 509-41 View citations

1994

26. Cotenancy and Competition in an Experimental Auction Market for Natural Gas Pipeline Networks
    Economic Theory, 1994, 4, (1), 41-65 View citations
27. Economics in the Laboratory
    Journal of Economic Perspectives, 1994, 8, (1), 113-31 View citations

1993

28. Monetary Rewards and Decision Cost in Experimental Economics
    Economic Inquiry, 1993, 31, (2), 245-61 View citations
29. On the failure to induce meager offers in ultimatum game
    Journal of Economic Psychology, 1993, 14, (1), 17-32 View citations
30. Rewards, Experience and Decision Costs in First Price Auctions
    Economic Inquiry, 1993, 31, (2), 237-45 View citations

1992

31. Designing Call Auction Institutions: Is Double Dutch the Best?
    Economic Journal, 1992, 102, (410), 9-23 View citations
32. Economic Principles in the Emergence of Humankind: Presidential Address to the Western Economic Association, June 30, 1991
    Economic Inquiry, 1992, 30, (1), 1-13
33. Theory and Misbehavior of First-Price Auctions: Comment
    American Economic Review, 1992, 82, (5), 1392-412 View citations

1991

34. Rational Choice: The Contrast between Economics and Psychology
    Journal of Political Economy, 1991, 99, (4), 877-97 View citations

1990

35. Auction Institutional Design: Theory and Behavior of Simultaneous Multiple-Unit Generalizations of the Dutch and English Auctions
    American Economic Review, 1990, 80, (5), 1276-83 View citations
36. Auction design for composite goods: The natural gas industry
    Journal of Economic Behavior & Organization, 1990, 14, (1), 127-149 View citations
37. Inducing Risk-Neutral Preferences: An Examination in a Controlled Market Environment
    Journal of Risk and Uncertainty, 1990, 3, (1), 5-24 View citations

1989

38. Theory, Experiment and Economics
    Journal of Economic Perspectives, 1989, 3, (1), 151-69 View citations

1988

39. Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets
    Econometrica, 1988, 56, (5), 1119-51 View citations
40. Electric Power Deregulation: Background and Prospects
    Contemporary Economic Policy, 1988, 6, (3), 14-24
41. Theory and Individual Behavior of First-Price Auctions
    Journal of Risk and Uncertainty, 1988, 1, (1), 61-99 View citations

1985

42. Experimental Development of Sealed-Bid Auction Theory: Calibrating Controls for Risk Aversion
    American Economic Review, 1985, 75, (2), 160-65 View citations
43. Experimental Economics: Reply
    American Economic Review, 1985, 75, (1), 264-72 View citations
44. In Search of Predatory Pricing
    Journal of Political Economy, 1985, 93, (2), 320-45 View citations
45. Individual Rationality, Market Rationality, and Value Estimation
    American Economic Review, 1985, 75, (2), 397-402 View citations

1984

46. A Comparison of Posted-Offer and Double-Auction Pricing Institutions
    Review of Economic Studies, 1984, 51, (4), 595-614 View citations
47. Cyclical Double-Auction Markets with and without Speculators
    Journal of Business, 1984, 57, (1), 1-33
48. Experimental Tests of an Allocation Mechanism for Private, Public or Externality Goods
    Scandinavian Journal of Economics, 1984, 86, (4), 468-84
49. Market Contestability in the Presence of Sunk (Entry) Costs
    RAND Journal of Economics, 1984, 15, (1), 69-84 View citations
50. Natural Monopoly and Contested Markets: Some Experimental Results
    Journal of Law & Economics, 1984, 27, (1), 91-113 View citations

1983

51. Price Controls in a Posted Offer Market
    American Economic Review, 1983, 73, (1), 218-21 View citations

1982

52. A Combinatorial Auction Mechanism for Airport Time Slot Allocation
    Bell Journal of Economics, 1982, 13, (2), 402-417 View citations
53. Competitive Market Institutions: Double Auctions vs. Sealed Bid-Offer Auctions
    American Economic Review, 1982, 72, (1), 58-77 View citations
54. Markets as Economizers of Information: Experimental Examination of the "Hayek Hypothesis"
    Economic Inquiry, 1982, 20, (2), 165-79 View citations
55. Microeconomic Systems as an Experimental Science
    American Economic Review, 1982, 72, (5), 923-55 View citations

1981

56. On Nonbinding Price Controls in a Competitive Market
    American Economic Review, 1981, 71, (3), 467-74 View citations

1980

57. Experiments with a Decentralized Mechanism for Public Good Decisions
    American Economic Review, 1980, 70, (4), 584-99 View citations
58. Incentives and Behavior in English, Dutch and Sealed-Bid Auctions
    Economic Inquiry, 1980, 18, (1), 1-22 View citations

1979

59. An Experimental Comparison of Three Public Good Decision Mechanisms
    Scandinavian Journal of Economics, 1979, 81, (2), 198-215 View citations

1978

60. An Experimental Examination of Two Exchange Institutions
    Review of Economic Studies, 1978, 45, (1), 133-53 View citations
    See Also Working Paper
61. Psychology and Economics: Discussion
    American Economic Review, 1978, 68, (2), 76-77

1977

62. Intertemporal Competitive Equilibrium: An Empirical Study of Speculation
    The Quarterly Journal of Economics, 1977, 91, (4), 599-624 View citations
    See Also Working Paper
63. The Principle of Unanimity and Voluntary Consent in Social Choice
    Journal of Political Economy, 1977, 85, (6), 1125-39 View citations

1976

64. Experimental Economics: Induced Value Theory
    American Economic Review, 1976, 66, (2), 274-79 View citations
65. The Borrower-Lender Relationship
    American Economic Review, 1976, 66, (3), 406-07

1975

66. The Primitive Hunter Culture, Pleistocene Extinction, and the Rise of Agriculture
    Journal of Political Economy, 1975, 83, (4), 727-55 View citations

1974

67. Economic Theory and Its Discontents
    American Economic Review, 1974, 64, (2), 320-22 View citations

1972

68. A Theory and Test of Credit Rationing: Some Generalizations
    American Economic Review, 1972, 62, (3), 477-83
69. Default Risk, Scale, and the Homemade Leverage Theorem
    American Economic Review, 1972, 62, (1), 66-76 View citations
70. Dynamics of Waste Accumulation: Disposal Versus Recycling
    The Quarterly Journal of Economics, 1972, 86, (4), 600-616 View citations
71. On Models of Commercial Fishing: The Traditional Literature Needs No Defenders
    Journal of Political Economy, 1972, 80, (4), 776-78

1971

72. Economics of Production from Natural Resources: Reply
    American Economic Review, 1971, 61, (3), 488-91 View citations

1970

73. Corporate Financial Theory under Uncertainty
    The Quarterly Journal of Economics, 1970, 84, (3), 451-71
74. Investment Behavior: Discussion
    American Economic Review, 1970, 60, (2), 29-30

1969

75. Measuring Nonmonetary Utilities in Uncertain Choices: The Ellsberg Urn
    The Quarterly Journal of Economics, 1969, 83, (2), 324-29 View citations
76. On Models of Commercial Fishing
    Journal of Political Economy, 1969, 77, (2), 181-98 View citations
77. Taxes and Share Valuation in Competitive Markets
    The Review of Economics and Statistics, 1969, 51, (1), 96-99