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Details about Charles Raymond Plott

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Homepage:http://www.hss.caltech.edu/content/charles-r-plott
Workplace:Division of Social Sciences, California Institute of Technology, (more information at EDIRC)
Laboratory for Experimental Economics and Political Science, Division of Social Sciences, California Institute of Technology, (more information at EDIRC)

Access statistics for papers by Charles Raymond Plott.

Last updated 2017-02-07. Update your information in the RePEc Author Service.

Short-id: ppl81


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Working Papers

2015

  1. Two Information Aggregation Mechanisms for Predicting the Opening Weekend Box Office Revenues of Films: Boxoffice Prophecy and Guess of Guesses
    Natural Field Experiments, The Field Experiments Website Downloads

2011

  1. Introduction to the special issue Special issue on Behavioral Public Economics
    Post-Print, HAL Downloads View citations (1)

2007

  1. Design improved parimutuel-type information aggregation mechanisms: Inaccuracies & the long-shot bias as disequilibrium phenomena
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  2. Prices and Portfolio Choices in Financial Markets: Theory, Econometrics, Experiments
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute Downloads View citations (30)
    See also Journal Article in Econometrica (2007)
  3. Principles of continuous price determination in an experimental environment with flows of random arrivals and departures
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  4. Production, trade and exchange rates in large experimental economies
    Other publications TiSEM, Tilburg University, School of Economics and Management Downloads View citations (10)
  5. The control of game form recognition in experiments: Understanding dominant strategy failures in a simple two person “Guessing” game
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (5)
    See also Journal Article in Experimental Economics (2009)

2005

  1. Asymmetries in exchange behavior incorrectly interpreted as evidence of prospect theory
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  2. Congestion at locks on inland waterways: An experimental Testbed of a policy of tradable priority permits for lock access
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  3. Divergence, closed cycles and convergence in scarf environments: Experiments in the dynamics of general equilibrium systems
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (4)
  4. Prices and Portfolio Choices in Financial Markets: Theory and Experiments
    UCLA Economics Working Papers, UCLA Department of Economics Downloads View citations (3)
  5. Tacit collusion in auctions and conditions for its facilitation and prevention: Equilibrium selection in laboratory experimental markets
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Economic Inquiry (2009)
  6. The design and testing of information aggregation mechanisms: A Two-stage parimutuel IAM
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads

2004

  1. Forced information disclosure and the fallacy of transparency in markets
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Economic Inquiry (2005)
  2. Mental Processes & Strategic Equilibration: An fMRI Study of Selling Strategy in Second Price Auctions
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  3. On the Microstructure of Price Determination and Information Aggregation with Sequential and Asymmetric Information Arrival in an Experimental Asset Market
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Annals of Finance (2005)

2003

  1. Aging and decision making: A comparison between neurologically healthy elderly and young individuals
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (6)
    See also Journal Article in Journal of Economic Behavior & Organization (2005)
  2. Bidders' choice auctions: Raising revenues through the right to choose
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Journal of the European Economic Association (2004)
  3. Production, trade, prices, exchange rates and equilibration in large experimental economies
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in European Economic Review (2007)

2002

  1. Asset Bubbles and Rationality: Additional Evidence from Capital Gains Tax Experiments
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (6)
  2. Information Aggregation Mechanisms: Concept, Design and Implementation for a Sales Forecasting Problem
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (3)
  3. Information Aggregation in Double Auctions: Rational Expectations and the Winner's Curse
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)
  4. Principles of network development and evolution: An experimental study (formally - Networks: An Experimental Study)
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  5. The Simultaneous, Ascending Auction: Dynamics of Price Adjustment in Experiments and in the U.K. 3G Spectrum Auction
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (2)
    See also Journal Article in Journal of Economic Behavior & Organization (2004)
  6. The Willingness to Pay/Willingness to Accept Gap, The "Endowment Effect" and Experimental Procedures for Eliciting Valuations
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)

2000

  1. A Smart Market Solution to a Class of Back-Haul Transportation Problems: Concept and Experimental Testbeds
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  2. Basic Principles Of Asset Pricing Theory: Evidence From Large-Scale Experimental Financial Markets
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (3)
    Also in Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences (2000) Downloads

    See also Journal Article in Review of Finance (2004)
  3. Global Instability in Experimental General Equilibrium: The Scarf Example
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (2)
    See also Journal Article in Journal of Economic Theory (2004)
  4. Keeping an eye on your neighbors: Agents monitoring and sanctioning one another in a common-pool resource environment
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)
  5. The FCC Rules For The 700MHZ Auction: A Potential Disaster
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads

1999

  1. Information Aggregation in Experimental Asset Markets: Traps and Misaligned Beliefs
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)
  2. Market Stability: Backward Bending Supply in a Laboratory Experimental Market
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  3. On the Behavioral Foundations of the Law of Supply and Demand: Human Rationality vs. Randomness
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads

1998

  1. Information Cascades: Replication and an Extension to Majority Rule and Conformity Rewarding Institutions
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in American Economic Review (2001)
  2. Markets for Contracts: Experiments Exploring the Compatability of Games and Markets for Games
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  3. Non-Speculative Bubbles in Experimental Asset Markets: Lack of Common Knowledge of Rationality Vs. Actual Irrationality
    Purdue University Economics Working Papers, Purdue University, Department of Economics View citations (24)
    See also Journal Article in Econometrica (2001)
  4. Price Discovery in Financial Markets: The Case of the CAPM
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)

1997

  1. An Experimental Analysis of the Structure of Legal Fees: American Rule vs. English Rule
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  2. Parimutuel Betting Markets as Information Aggregation Devises: Experimental Results
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Economic Theory (2003)

1996

  1. Laboratory Experimental Testbeds: Application to the PCS Auction
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Journal of Economics & Management Strategy (1997)

1995

  1. Exchange Economies and Loss Exposure: Experiments Exploring Prospect Theory and Competitive Equilibria in Market Environments
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in American Economic Review (1997)
  2. Local Telephone Exchanges, Regulation and Entry
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  3. The Principles of Exchange Rate Determination in an International Finance Experiment
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (6)
    Also in Working Papers, Purdue University, Krannert School of Management - Center for International Business Education and Research (CIBER) (1994) View citations (1)

    See also Chapter (2013)

1994

  1. An Experimental Investigation about the Structure of International Commerce
    Working Papers, Purdue University, Krannert School of Management - Center for International Business Education and Research (CIBER)
  2. Costly Offers and the Equilibration Properties of the Multiple Unit Double Auction Under Conditions of Unpredictable Shifts of Demand and Supply
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Journal of Economic Behavior & Organization (1997)
  3. Economies of Scale, Natural Monopoly and Imperfect Competition in an Experimental Market
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  4. General Equilibrium, Macroeconomics and Money in a Laboratory Experimental Environment
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)

1993

  1. Rational Individual Behavior in Markets and Social Choice Processes
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (9)

1992

  1. Instability of Equilibria in Experimental Markets: Upward-Sloping Demands, Externalities, and Fad-Like Incentives
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)
    See also Journal Article in Southern Economic Journal (1999)
  2. On the Anatomy of the Nonfacilitating Features of the Double Auction Institution in Conspiratorial Markets
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (5)

1991

  1. A Computerized Laboratory Market System and Research Support Systems for the Multiple Unit Double Auction. [replaces working paper 676]
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads

1990

  1. An Experiment With Space-Station Pricing Policies
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  2. Will Economics Become an Experimental Science?
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads

1989

  1. Multiple Unit Double Auction
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (5)
    See also Journal Article in Journal of Economic Behavior & Organization (1990)
  2. Multiple Unit Double Auction User's Manual. [replaced by WP 783]
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  3. The Winner's Curse: Experiments with Buyers and with Sellers
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)
    See also Journal Article in American Economic Review (1991)

1988

  1. Private R&D and Second Sourcing in Procurement: An Experimental Study
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads

1987

  1. Inflation and Expectations in Experimental Markets
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads

1984

  1. Product Quality, Informational Efficiency and Regulations in Experimental Markets
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (6)

1982

  1. A Comparative Analysis of Direct Democracy, Two Candidate Elections, and Three Candidate Elections in an Experimental Environment
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads

1980

  1. Toward a Theory of Professional Diagnosis and Service: Consumer Behavior
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads

1979

  1. Committee Decisions Under Majority Rule: Dynamic Theories and Experimental Results
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads

1977

  1. Agenda influence and its implications
    Natural Field Experiments, The Field Experiments Website Downloads View citations (13)
    Also in Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (2)
  2. The Stingy Shift Explained as a Majority Rule Equilibrium
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads

1976

  1. Transcript of a Five-Member Committee Experiment
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads

1974

  1. On Game Solutions and Revealed Preference Theory
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads

1971

  1. Rationality and Relevance in Social Choice Theory
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads

Undated

  1. A Binary Conflict Ascending Price (BICAP) Mechanism for the Decentralized Allocation of the Right to Use Railroad Tracks
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (2)
    See also Journal Article in International Journal of Industrial Organization (1996)
  2. A Model of Agenda Influence on Committee Decisions
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (13)
    See also Journal Article in American Economic Review (1978)
  3. A Review of Decision Theoretic Literature with Implications Regarding Governmental Research and Development Policies
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  4. A Study of Zero-Out Auctions: Testbed Experiments of a Process of Allocating Private Rights to the Use of Public Property
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Economic Theory (1994)
  5. An Experimental Analysis of Public Goods Provision Mechanisms with and without Unanimity
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)
  6. An Experimental Examination of Two Exchange Institutions
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)
    See also Journal Article in Review of Economic Studies (1978)
  7. An Experimental Examination of the Simultaneous Determination of Input Prices and Output Prices
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (2)
  8. An Experimental Investigation of the Patterns of International Trade
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (9)
    See also Journal Article in American Economic Review (1995)
    Chapter (2013)
  9. An internal fuel efficiency credit market mechanism for meeting the CAFE Standard: Internalizing a regulation caused externality
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  10. Asset Valuation in an Experimental Market
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (2)
    See also Journal Article in Econometrica (1982)
  11. Axiomatic Social Choice Theory: An Overview and Interpretation
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (3)
  12. Committee Decisions Under Majority Rule: An Experimental Study
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (3)
  13. Committee Decisions under Alternative Procedural Rules: An Experimental Study Applying a New Nonmonetary Method of Preference Inducement
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Journal of Economic Behavior & Organization (1982)
  14. Communication and Agenda Influence: The Chocolate Pizza Design
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)
  15. Competitive Equilibria in Overlapping Generations Experiments
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Economic Theory (1992)
  16. Competitive Equilibrium with Middlemen: An Empirical Study
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  17. Cooperative Game Models of the Influence of the Closed Rule in Three Person, Majority Rule Committees: Theory and Experiment
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  18. Dimensions of Parallelism: Some Policy Applications of Experimental Methods
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (3)
  19. Economic Theory of Choice and the Preference Reversal Phenomenon
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (17)
    See also Journal Article in American Economic Review (1979)
  20. Efficiency of Experimental Security Markets with Insider Information: An Application of Rational Expectations Models
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (6)
    See also Journal Article in Journal of Political Economy (1982)
  21. Experimental Methods in Political Economy: A Tool for Regulatory Research
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  22. Externalities and Corrective Policies in Experimental Markets
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Economic Journal (1983)
  23. From Non Market Attitudes to Market Behavior: Laboratory Market Experiments in Moscow and the Hvatat Property of Human Behavior
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  24. Implications of Rate Filing for Domestic Dry Bulk Transportation on Inland Waters: An Experimental Approach
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  25. Individual Choice When Objects Have 'Ordinal' Properties
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Review of Economic Studies (1975)
  26. Industrial Organization Theory and Experimental Economics
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Journal of Economic Literature (1982)
  27. Intertemporal Competitive Equilibrium: An Empirical Study of Speculation
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in The Quarterly Journal of Economics (1977)
  28. Intertemporal Speculation Under Uncertain Future Demand: Experimental Results
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)
  29. Intertemporal Speculation with a Random Demand in an Experimental Market
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  30. Laboratory Experiments in Economics: The Implications of Posted-Price Institutions
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (5)
  31. Market Architectures, Institutional Landscapes and Testbed Experiments
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (2)
    See also Journal Article in Economic Theory (1994)
  32. Marshallian VS. Walrasian Stability in an Experimental Market
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Economic Journal (1992)
  33. Nonbinary Social Choice: An Impossibility Theorem
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)
    See also Journal Article in Review of Economic Studies (1982)
  34. Nonlinear Behavior in Sealed Bid First Price Auctions
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Games and Economic Behavior (1998)
  35. On Using the Agenda to Influence Group Decisions
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  36. Pre-meeting Discussions and the Possibility of Coalition-Breaking Procedures in Majority Rule Committees
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Public Choice (1983)
  37. Price Controls and the Behavior of Auction Markets: An Experimental Examination
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)
    See also Journal Article in American Economic Review (1981)
  38. Product Quality Signaling in Experimental Markets
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (2)
    See also Journal Article in Econometrica (1985)
  39. Professional Diagnosis Versus Self Diagnosis: An Experimental Examination of Some Special Features of Markets with Uncertainty
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)
  40. Public Goods Provision in an Experimental Environment
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)
    See also Journal Article in Journal of Public Economics (1985)
  41. Rational Choice in Experimental Markets
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)
    See also Journal Article in The Journal of Business (1986)
  42. Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (2)
    See also Journal Article in Econometrica (1988)
  43. Revenue Generating Properties of Sealed-Bid Auctions: An Experimental Analysis of One-Price and Discriminative Processes
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  44. Sequencing strategies in large, competitive, ascending price automobile auctions: An experimental examination
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Journal of Economic Behavior & Organization (2009)
  45. Social Choice and Social Rationality
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  46. The Allocation of Landing Rights by Unanimity among Competitors
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)
    See also Journal Article in American Economic Review (1981)
  47. The Application of Laboratory Experimental Methods to Public Choice
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  48. The Effect of Intertemporal Speculation on the Outcomes in Seller Posted Offer Auction Markets
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in The Quarterly Journal of Economics (1981)
  49. The Effects of Market Practices in Oligopolistic Markets: An Experimental Examination of the Ethyl Case
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Journal Article in Economic Inquiry (1984)
  50. The Groves-Ledyard Mechanism: An Experimental Study of Institutional Design
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (2)
    See also Journal Article in Journal of Public Economics (1996)
  51. The Opportunity for Conspiracy in Restraint of Trade: An Experimental Study
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads View citations (1)
    See also Journal Article in Journal of Economic Behavior & Organization (1981)
  52. The Relevance of Social Choice Theory to Models of Economic Policy
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  53. The Technology of Public Goods, Externalities, and the Exclusion Principle
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
    See also Chapter (1975)
  54. The nature of collusion facilitating and collusion breaking power of simultaneous ascending price and simultaneous descending price auctions
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads
  55. Theories of Industrial Organization as Explanations of Experimental Market Behavior
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences Downloads

Journal Articles

2016

  1. Price controls, non-price quality competition, and the nonexistence of competitive equilibrium
    Games and Economic Behavior, 2016, 99, (C), 134-163 Downloads View citations (3)

2015

  1. Information transfer and aggregation in an uninformed committee: A model for the selection and use of biased expert advice
    European Journal of Political Economy, 2015, 40, (PB), 208-223 Downloads View citations (1)
  2. Markets with random lifetimes and private values: mean reversion and option to trade
    Decisions in Economics and Finance, 2015, 38, (1), 1-19 Downloads

2014

  1. Misconceptions and Game Form Recognition: Challenges to Theories of Revealed Preference and Framing
    Journal of Political Economy, 2014, 122, (6), 1235 - 1270 Downloads View citations (99)
  2. Public choice and the development of modern laboratory experimental methods in economics and political science
    Constitutional Political Economy, 2014, 25, (4), 331-353 Downloads View citations (1)
  3. The Continuous Combinatorial Auction Architecture
    American Economic Review, 2014, 104, (5), 452-56 Downloads View citations (1)

2013

  1. A Procurement Auction for Toxic Assets with Asymmetric Information
    American Economic Journal: Microeconomics, 2013, 5, (4), 142-62 Downloads View citations (4)
  2. Market microstructure design and flash crashes: A simulation approach
    Journal of Applied Economics, 2013, 16, 223-250 Downloads View citations (10)
  3. Marshall and Walras, disequilibrium trades and the dynamics of equilibration in the continuous double auction market
    Journal of Economic Behavior & Organization, 2013, 94, (C), 190-205 Downloads View citations (1)

2012

  1. Personal reflections on the influence of Buchanan, Tullock, and The Calculus of Consent
    Public Choice, 2012, 152, (3), 293-298 Downloads
  2. The CMS Auction: Experimental Studies of a Median-Bid Procurement Auction with Nonbinding Bids
    The Quarterly Journal of Economics, 2012, 127, (2), 793-827 Downloads View citations (10)
  3. Understanding Price Controls and Nonprice Competition with Matching Theory
    American Economic Review, 2012, 102, (3), 371-75 Downloads View citations (4)

2011

  1. Extreme Walrasian Dynamics: The Gale Example in the Lab
    American Economic Review, 2011, 101, (7), 3196-3220 Downloads View citations (12)
  2. Introduction to the Special Issue on Behavioral and Experimental Public Economics
    Journal of Public Economic Theory, 2011, 13, (5), 631-637 Downloads View citations (1)
  3. The Willingness to Pay--Willingness to Accept Gap, the "Endowment Effect," Subject Misconceptions, and Experimental Procedures for Eliciting Valuations: Reply
    American Economic Review, 2011, 101, (2), 1012-28 Downloads View citations (15)

2009

  1. COLLUSION FACILITATING AND COLLUSION BREAKING POWER OF SIMULTANEOUS ASCENDING AND DESCENDING PRICE AUCTIONS
    Economic Inquiry, 2009, 47, (3), 395-424 Downloads View citations (7)
  2. Sequencing strategies in large, competitive, ascending price automobile auctions: An experimental examination
    Journal of Economic Behavior & Organization, 2009, 71, (2), 75-88 Downloads View citations (7)
    See also Working Paper
  3. TACIT COLLUSION IN AUCTIONS AND CONDITIONS FOR ITS FACILITATION AND PREVENTION: EQUILIBRIUM SELECTION IN LABORATORY EXPERIMENTAL MARKETS
    Economic Inquiry, 2009, 47, (3), 425-448 Downloads View citations (5)
    See also Working Paper (2005)
  4. The control of game form recognition in experiments: understanding dominant strategy failures in a simple two person “guessing” game
    Experimental Economics, 2009, 12, (2), 159-179 Downloads View citations (45)
    See also Working Paper (2007)
  5. The design of improved parimutuel-type information aggregation mechanisms: Inaccuracies and the long-shot bias as disequilibrium phenomena
    Journal of Economic Behavior & Organization, 2009, 69, (2), 170-181 Downloads View citations (6)

2007

  1. Exchange Asymmetries Incorrectly Interpreted as Evidence of Endowment Effect Theory and Prospect Theory?
    American Economic Review, 2007, 97, (4), 1449-1466 Downloads View citations (75)
  2. Mental processes and strategic equilibration: An fMRI study of selling strategies in second price auctions
    Experimental Economics, 2007, 10, (2), 105-122 Downloads View citations (2)
  3. Prices and Portfolio Choices in Financial Markets: Theory, Econometrics, Experiments
    Econometrica, 2007, 75, (4), 993-1038 Downloads View citations (37)
    See also Working Paper (2007)
  4. Production, trade, prices, exchange rates and equilibration in large experimental economies
    European Economic Review, 2007, 51, (1), 49-76 Downloads View citations (14)
    See also Working Paper (2003)

2005

  1. Aging and decision making: a comparison between neurologically healthy elderly and young individuals
    Journal of Economic Behavior & Organization, 2005, 58, (1), 79-94 Downloads View citations (40)
    See also Working Paper (2003)
  2. Forced Information Disclosure and the Fallacy of Transparency in Markets
    Economic Inquiry, 2005, 43, (4), 699-714 Downloads View citations (6)
    See also Working Paper (2004)
  3. On the microstructure of price determination and information aggregation with sequential and asymmetric information arrival in an experimental asset market
    Annals of Finance, 2005, 1, (1), 73-107 Downloads View citations (18)
    See also Working Paper (2004)
  4. Principles of network development and evolution: an experimental study
    Journal of Public Economics, 2005, 89, (8), 1469-1495 Downloads View citations (52)
  5. The Willingness to Pay–Willingness to Accept Gap, the "Endowment Effect," Subject Misconceptions, and Experimental Procedures for Eliciting Valuations
    American Economic Review, 2005, 95, (3), 530-545 Downloads View citations (130)

2004

  1. Basic Principles of Asset Pricing Theory: Evidence from Large-Scale Experimental Financial Markets
    Review of Finance, 2004, 8, (2), 135-169 Downloads View citations (16)
    Also in Review of Finance, 2004, 8, (2), 135-169 (2004) Downloads View citations (39)

    See also Working Paper (2000)
  2. Bidders' Choice Auctions: Raising Revenues Through the Right to Choose
    Journal of the European Economic Association, 2004, 2, (2-3), 504-515 Downloads View citations (12)
    See also Working Paper (2003)
  3. Global instability in experimental general equilibrium: the Scarf example
    Journal of Economic Theory, 2004, 115, (2), 209-249 Downloads View citations (36)
    See also Working Paper (2000)
  4. The simultaneous, ascending auction: dynamics of price adjustment in experiments and in the UK3G spectrum auction
    Journal of Economic Behavior & Organization, 2004, 53, (3), 353-383 Downloads View citations (29)
    See also Working Paper (2002)

2003

  1. Decentralized management of common property resources: experiments with a centuries-old institution
    Journal of Economic Behavior & Organization, 2003, 51, (2), 217-247 Downloads View citations (93)
  2. Excess demand and equilibration in multi-security financial markets: the empirical evidence
    Journal of Financial Markets, 2003, 6, (1), 1-21 Downloads View citations (20)
  3. Parimutuel betting markets as information aggregation devices: experimental results
    Economic Theory, 2003, 22, (2), 311-351 Downloads View citations (32)
    See also Working Paper (1997)

2002

  1. On the Behavioral Foundations of the Law of Supply and Demand: Human Convergence and Robot Randomness
    Experimental Economics, 2002, 5, (3), 179-208 Downloads View citations (14)
  2. The CAPM in thin experimental financial markets
    Journal of Economic Dynamics and Control, 2002, 26, (7-8), 1093-1112 Downloads View citations (11)

2001

  1. Information Cascades: Replication and an Extension to Majority Rule and Conformity-Rewarding Institutions
    American Economic Review, 2001, 91, (5), 1508-1520 Downloads View citations (104)
    See also Working Paper (1998)
  2. Nonspeculative Bubbles in Experimental Asset Markets: Lack of Common Knowledge of Rationality vs. Actual Irrationality
    Econometrica, 2001, 69, (4), 831-59 View citations (207)
    See also Working Paper (1998)

2000

  1. Market Stability: Backward-Bending Supply in a Laboratory Experimental Market: 1999 Presidential Address Western Economic Association
    Economic Inquiry, 2000, 38, (1), 1-18 View citations (2)

1999

  1. Instability of Equilibria in Experimental Markets: Upward-Sloping Demands, Externalities, and Fad-Like Incentives
    Southern Economic Journal, 1999, 65, (3), 405-426 View citations (16)
    See also Working Paper (1992)

1998

  1. General equilibrium, markets, macroeconomics and money in a laboratory experimental environment
    Economic Theory, 1998, 12, (1), 123-146 Downloads View citations (35)
    Also in Economic Theory, 1998, 12, (1), 21-75 (1998) Downloads View citations (33)
  2. Nonlinear Behavior in Sealed Bid First Price Auctions
    Games and Economic Behavior, 1998, 25, (1), 34-78 Downloads View citations (44)
    See also Working Paper

1997

  1. Costly offers and the equilibration properties of the multiple unit double auction under conditions of unpredictable shifts of demand and supply
    Journal of Economic Behavior & Organization, 1997, 32, (4), 591-612 Downloads View citations (11)
    See also Working Paper (1994)
  2. Exchange Economies and Loss Exposure: Experiments Exploring Prospect Theory and Competitive Equilibria in Market Environments
    American Economic Review, 1997, 87, (5), 801-28 Downloads View citations (61)
    See also Working Paper (1995)
  3. Laboratory Experimental Testbeds: Application to the PCS Auction
    Journal of Economics & Management Strategy, 1997, 6, (3), 605-638 Downloads View citations (47)
    See also Working Paper (1996)
  4. The Principles of Exchange Rate Determination in an International Financial Experiment
    Journal of Political Economy, 1997, 105, (4), 822-61 Downloads View citations (12)

1996

  1. A binary conflict ascending price (BICAP) mechanism for the decentralized allocation of the right to use railroad tracks
    International Journal of Industrial Organization, 1996, 14, (6), 857-886 Downloads View citations (42)
    See also Working Paper
  2. EPA's New Emissions Trading Mechanism: A Laboratory Evaluation
    Journal of Environmental Economics and Management, 1996, 30, (2), 133-160 Downloads View citations (112)
  3. Market architectures and institutional testbedding: An experiment with space station pricing policies
    Journal of Economic Behavior & Organization, 1996, 31, (2), 237-272 Downloads View citations (9)
  4. The Groves-Ledyard mechanism: An experimental study of institutional design
    Journal of Public Economics, 1996, 59, (3), 335-364 Downloads View citations (46)
    See also Working Paper

1995

  1. An Experimental Investigation of the Patterns of International Trade
    American Economic Review, 1995, 85, (3), 462-91 Downloads View citations (109)
    See also Chapter (2013)
    Working Paper

1994

  1. A Study of Zero-Out Auctions: Testbed Experiments of a Process of Allocating Private Rights to the Use of Public Property
    Economic Theory, 1994, 4, (1), 67-104 View citations (4)
    See also Working Paper
  2. Market Architectures, Institutional Landscapes and Testbed Experiments
    Economic Theory, 1994, 4, (1), 3-10 View citations (17)
    See also Working Paper

1992

  1. Competitive Equilibria in Overlapping Generations Experiments
    Economic Theory, 1992, 2, (3), 389-426 View citations (12)
    See also Working Paper
  2. Marshallian vs. Walrasian Stability in an Experimental Market
    Economic Journal, 1992, 102, (412), 437-60 Downloads View citations (14)
    See also Working Paper

1991

  1. Economics in 2090: The Views of an Experimentalist
    Economic Journal, 1991, 101, (404), 88-93 Downloads View citations (2)
  2. The Winner's Curse: Experiments with Buyers and with Sellers
    American Economic Review, 1991, 81, (1), 335-46 Downloads View citations (36)
    See also Working Paper (1989)

1990

  1. The multiple unit double auction
    Journal of Economic Behavior & Organization, 1990, 13, (2), 245-258 Downloads View citations (43)
    See also Working Paper (1989)

1989

  1. The effect of two trading institutions on price expectations and the stability of supply-response lag markets
    Journal of Economic Psychology, 1989, 10, (2), 189-216 Downloads View citations (5)

1988

  1. An Experimental Analysis of Unanimity in Public Goods Provision Mechanisms
    Review of Economic Studies, 1988, 55, (2), 301-322 Downloads View citations (25)
  2. Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets
    Econometrica, 1988, 56, (5), 1085-1118 Downloads View citations (195)
    See also Working Paper

1987

  1. Legal Fees: A Comparison of the American and English Rules
    Journal of Law, Economics, and Organization, 1987, 3, (2), 185-92 View citations (14)

1986

  1. Rational Choice in Experimental Markets
    The Journal of Business, 1986, 59, (4), S301-27 Downloads View citations (15)
    See also Working Paper

1985

  1. Product Quality Signaling in Experimental Markets
    Econometrica, 1985, 53, (4), 837-72 Downloads View citations (45)
    See also Working Paper
  2. Public goods provision in an experimental environment
    Journal of Public Economics, 1985, 26, (1), 51-74 Downloads View citations (212)
    See also Working Paper

1984

  1. Futures Markets and Informational Efficiency: A Laboratory Examination
    Journal of Finance, 1984, 39, (4), 955-81 Downloads View citations (25)
  2. The Effects of Market Practices in Oligopolistic Markets: An Experimental Examination of the Ethyl Case
    Economic Inquiry, 1984, 22, (4), 479-507 View citations (48)
    See also Working Paper

1983

  1. Externalities and Corrective Policies in Experimental Markets
    Economic Journal, 1983, 93, (369), 106-27 View citations (68)
    See also Working Paper
  2. Pre-meeting discussions and the possibility of coalition-breaking procedures in majority rule committees
    Public Choice, 1983, 40, (1), 21-39 Downloads View citations (2)
    See also Working Paper

1982

  1. Asset Valuation in an Experimental Market
    Econometrica, 1982, 50, (3), 537-67 Downloads View citations (74)
    See also Working Paper
  2. Committee decisions under alternative procedural rules: An experimental study applying a new non-monetary method of preference inducement
    Journal of Economic Behavior & Organization, 1982, 3, (2-3), 175-195 Downloads View citations (5)
    See also Working Paper
  3. Economic Theory of Choice and the Preference Reversal Phenomenon: Reply
    American Economic Review, 1982, 72, (3), 575 View citations (3)
  4. Efficiency of Experimental Security Markets with Insider Information: An Application of Rational-Expectations Models
    Journal of Political Economy, 1982, 90, (4), 663-98 Downloads View citations (188)
    See also Working Paper
  5. Industrial Organization Theory and Experimental Economics
    Journal of Economic Literature, 1982, 20, (4), 1485-1527 Downloads View citations (128)
    See also Working Paper
  6. Nonbinary Social Choice: An Impossibility Theorem
    Review of Economic Studies, 1982, 49, (1), 143-149 Downloads View citations (15)
    See also Working Paper
  7. Rate Filing Policies for Inland Water Transportation: An Experimental Approach
    Bell Journal of Economics, 1982, 13, (1), 1-19 Downloads View citations (42)

1981

  1. Price Controls and the Behavior of Auction Markets: An Experimental Examination
    American Economic Review, 1981, 71, (3), 448-59 View citations (33)
    See also Working Paper
  2. The Allocation of Landing Rights by Unanimity among Competitors
    American Economic Review, 1981, 71, (2), 166-71 Downloads View citations (31)
    See also Working Paper
  3. The Effect of Intertemporal Speculation on the Outcomes in Seller Posted Offer Auction Markets
    The Quarterly Journal of Economics, 1981, 96, (2), 223-241 Downloads View citations (4)
    See also Working Paper
  4. The opportunity for conspiracy in restraint of trade: An experimental study
    Journal of Economic Behavior & Organization, 1981, 2, (1), 1-30 Downloads View citations (27)
    See also Working Paper

1980

  1. Comments on "On Conjoint Analysis and Quantal Choice Models."
    The Journal of Business, 1980, 53, (3), S45-46 Downloads

1979

  1. Economic Theory of Choice and the Preference Reversal Phenomenon
    American Economic Review, 1979, 69, (4), 623-38 Downloads View citations (233)
    See also Working Paper

1978

  1. A Model of Agenda Influence on Committee Decisions
    American Economic Review, 1978, 68, (1), 146-60 View citations (33)
    See also Working Paper
  2. An Experimental Examination of Two Exchange Institutions
    Review of Economic Studies, 1978, 45, (1), 133-153 Downloads View citations (80)
    See also Working Paper

1977

  1. Intertemporal Competitive Equilibrium: An Empirical Study of Speculation
    The Quarterly Journal of Economics, 1977, 91, (4), 599-624 Downloads View citations (15)
    See also Working Paper

1975

  1. Individual Choice when Objects have "Ordinal" Properties
    Review of Economic Studies, 1975, 42, (3), 403-413 Downloads View citations (3)
    See also Working Paper

1973

  1. Path Independence, Rationality, and Social Choice
    Econometrica, 1973, 41, (6), 1075-91 Downloads View citations (70)

1971

  1. A Welfare Function Using "Relative Intensity" of Preference
    The Quarterly Journal of Economics, 1971, 85, (1), 179-186 Downloads View citations (2)

1970

  1. The Probability of a Cyclical Majority
    Econometrica, 1970, 38, (2), 345-54 Downloads View citations (37)

1967

  1. A method for finding “acceptable proposals” in group decision processes
    Public Choice, 1967, 2, (1), 45-59 Downloads View citations (1)

Books

2001

  1. Information, Finance and General Equilibrium
    Books, Edward Elgar Publishing Downloads
  2. Market Institutions and Price Discovery
    Books, Edward Elgar Publishing Downloads View citations (2)
  3. Public Economics, Political Processes and Policy Applications
    Books, Edward Elgar Publishing Downloads

Edited books

2008

  1. Handbook of Experimental Economics Results, vol 1, Part 4
    Handbook of Experimental Economics Results, Elsevier Downloads View citations (25)
  2. Handbook of Experimental Economics Results, vol 1, Part 2
    Handbook of Experimental Economics Results, Elsevier Downloads View citations (25)
  3. Handbook of Experimental Economics Results, vol 1, Part 7
    Handbook of Experimental Economics Results, Elsevier Downloads View citations (25)
  4. Handbook of Experimental Economics Results, vol 1, Part 1
    Handbook of Experimental Economics Results, Elsevier Downloads View citations (25)
  5. Handbook of Experimental Economics Results, vol 1, Part 5
    Handbook of Experimental Economics Results, Elsevier Downloads View citations (25)
  6. Handbook of Experimental Economics Results, vol 1, Part 6
    Handbook of Experimental Economics Results, Elsevier Downloads View citations (25)
  7. Handbook of Experimental Economics Results, vol 1, Part 3
    Handbook of Experimental Economics Results, Elsevier Downloads View citations (25)
  8. Handbook of Experimental Economics Results, vol 1, Part 8
    Handbook of Experimental Economics Results, Elsevier Downloads View citations (25)

Chapters

2013

  1. An Experimental Investigation of the Patterns of International Trade
    Chapter 17 in International Trade Agreements and Political Economy, 2013, pp 299-328 Downloads View citations (6)
    See also Journal Article in American Economic Review (1995)
    Working Paper
  2. The Principles of Exchange Rate Determination in an International Finance Experiment
    Chapter 18 in International Trade Agreements and Political Economy, 2013, pp 329-368 Downloads View citations (4)
    See also Working Paper (1995)

2008

  1. 1. Markets
    Elsevier Downloads
  2. 2. Market Economics of Uncertainty and Information
    Elsevier Downloads
  3. 3. General Equilibrium and Multiple Market Systems
    Elsevier Downloads
  4. 4. Games
    Elsevier Downloads
  5. 5. Mechanism Design and Policy Applications
    Elsevier Downloads
  6. 6. Non-market and Organizational Research
    Elsevier Downloads
  7. 7. Individual Choice, Beliefs and Behavior
    Elsevier Downloads
  8. 8. Methods
    Elsevier Downloads
  9. A Smart Market for the Spot Pricing and Pricing of Transmission Through a Power Grid
    Elsevier Downloads
  10. Bubbles and Crashes in Experimental Asset Markets: Common Knowledge Failure?
    Elsevier Downloads View citations (5)
  11. Comparative Advantage and International Trade
    Elsevier Downloads
  12. From Market Jaws to the Newton Method: The Geometry of How a Market Can Solve Systems of Equations
    Elsevier Downloads View citations (4)
  13. Markets and Information Aggregation Mechanisms
    Elsevier Downloads View citations (2)
  14. Multiple Market Systems and the Classical Principles of Price Dynamics in General Equilibrium
    Elsevier Downloads
  15. Non-Convexities, Economies of Scale, Natural Monopoly and Monopolistic Competition
    Elsevier Downloads
  16. Preface to the Handbook
    Elsevier Downloads
  17. Price Discovery and Allocation in Chains and Networks of Markets
    Elsevier Downloads
  18. Principles of Market Adjustment and Stability
    Elsevier Downloads View citations (2)
  19. Properties of Disequilibrium Adjustment in Double Auction Markets
    Elsevier Downloads View citations (5)
  20. Tatonnement
    Elsevier Downloads

1989

  1. An updated review of industrial organization: Applications of experimental methods
    Chapter 19 in Handbook of Industrial Organization, 1989, vol. 2, pp 1109-1176 Downloads View citations (36)

1975

  1. The Technology of Public Goods, Externalities, and the Exclusion Principle
    A chapter in Economic Analysis of Environmental Problems, 1975, pp 65-94 Downloads View citations (1)
    See also Working Paper

Editor

  1. Handbook of Experimental Economics Results
    Elsevier
  2. Handbook of Experimental Economics Results
    Elsevier
 
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