The Robustness of Lemons in Experimental Markets

Blake Dunkle (), R. Isaac and Philip Solimine
Additional contact information
Blake Dunkle: College of Law, University of Nebraska, Lincoln

Working Papers from Department of Economics, Florida State University

Abstract: In this paper, we conduct a robustness study for the classic experimental results of Lynch et al. (1986, 1991). We find strong support for the original hypotheses in an updated experimental marketplace, consisting of dichotomous product qualities, non-binding signals of product quality, fixed seller identifiers, and an endpoint design of deliberate ambiguity. We show that fixed identifiers alone are not sufficient devices to support efficient outcomes in these updated market conditions.

Keywords: Experimental markets; Replication and robustness; Consumer protection (search for similar items in EconPapers)
JEL-codes: D4 D9 L1 (search for similar items in EconPapers)
Pages: 18
Date: 2020-01
New Economics Papers: this item is included in nep-com, nep-exp and nep-ind
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://coss.fsu.edu/econpapers/wpaper/wp2020_01_02.pdf Revised version, 2021-08 (application/pdf)

Related works:
Chapter: The Robustness of Lemons in Experimental Markets (2022)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fsu:wpaper:wp2020_01_02

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Papers from Department of Economics, Florida State University Contact information at EDIRC.
Bibliographic data for series maintained by Luke Rodgers ().