Details about Vernon L. Smith

E-mail:
Homepage:	https://www.chapman.edu/about-vernon-smith
Phone:	714-628-2830
Postal address:	Chapman University Economic Science Institute One University Dr. Orange, CA 92866
Workplace:	Economic Science Institute (ESI), Argyros School of Business and Economics, Chapman University, (more information at EDIRC)

Access statistics for papers by Vernon L. Smith.

Last updated 2024-12-01. Update your information in the RePEc Author Service.

Short-id: psm12

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Working Papers

2023

1. A Classical Model of Speculative Asset Price Dynamics
   Papers, arXiv.org
   Also in Working Papers, Chapman University, Economic Science Institute (2021)
   See also Journal Article A classical model of speculative asset price dynamics, Journal of Behavioral and Experimental Finance, Elsevier (2023) (2023)
2. Adam Smith's Theory of Value: A Reappraisal of Classical Price Discovery
   Papers, arXiv.org
   Also in Working Papers, Chapman University, Economic Science Institute (2020) View citations (4)
3. Classical Economics: Lost and Found
   Papers, arXiv.org
   Also in Working Papers, Chapman University, Economic Science Institute (2019) View citations (1)
4. Perishable Goods versus Re-tradable Assets: A Theoretical Reappraisal of a Fundamental Dichotomy
   Papers, arXiv.org
   Also in Working Papers, Chapman University, Economic Science Institute (2022) View citations (1)
   See also Chapter Perishable goods versus re-tradable assets: A theoretical reappraisal of a fundamental dichotomy, Chapters, Edward Elgar Publishing (2022) View citations (1) (2022)
5. The Classical Theory of Supply and Demand
   Papers, arXiv.org
   Also in Working Papers, Chapman University, Economic Science Institute (2020) View citations (4)

2022

6. 300 Anniversary of Smith’s Birth
   Working Papers, Chapman University, Economic Science Institute
7. Nobel and Novice: Author Prominence Affects Peer Review
   Working Papers, Chapman University, Economic Science Institute View citations (7)

2021

8. Classical Theory of Competitive Market Price Formation
   Working Papers, Chapman University, Economic Science Institute View citations (4)

2020

9. An Elementary Humanomics Approach to Boundedly Rational Quadratic Models
   Working Papers, Chapman University, Economic Science Institute View citations (3)
   See also Journal Article An elementary humanomics approach to boundedly rational quadratic models, Physica A: Statistical Mechanics and its Applications, Elsevier (2021) View citations (1) (2021)
10. Neoclassical Supply and Demand, Experiments, and the Classical Theory of Price Formation
    Working Papers, Chapman University, Economic Science Institute
11. Trust, reciprocity, and social history: New pathways of learning when max U (own reward) fails decisively
    Working Papers, Chapman University, Economic Science Institute View citations (1)

2019

12. Cournot Marked the Turn from Classical to Neoclassical Thinking
    Working Papers, Chapman University, Economic Science Institute View citations (1)

2018

13. Causal versus Consequential Motives in Mental Models of Agent Social and Economic Action: Experiments, and the Neoclassical Diversion in Economics
    Working Papers, Chapman University, Economic Science Institute
    See also Journal Article Causal versus Consequential Motives in Mental Models of Agent Social and Economic Action: Experiments, and the Neoclassical Diversion in Economics, Kyklos, Wiley Blackwell (2020) View citations (2) (2020)
14. The Role of Risk in the Context of Climate Change, Land Use Choices and Crop Production: Evidence from Zambia
    2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia, International Association of Agricultural Economists View citations (2)

2017

15. Equilibrium Play in Voluntary Ultimatum Games: Beneficence Cannot Be Extorted
    Working Papers, Chapman University, Economic Science Institute View citations (2)
    See also Journal Article Equilibrium play in voluntary ultimatum games: Beneficence cannot be extorted, Games and Economic Behavior, Elsevier (2018) View citations (5) (2018)
16. The Impact of the Reformation on the Economic Development of Western Europe
    MPRA Paper, University Library of Munich, Germany

2013

17. Transparency, Efficiency and the Distribution of Economic Welfare in Pass-Through Investment Trust Games
    MPRA Paper, University Library of Munich, Germany View citations (13)
    Also in Working Papers, Chapman University, Economic Science Institute (2011) View citations (3)
    See also Journal Article Transparency, efficiency and the distribution of economic welfare in pass-through investment trust games, Journal of Economic Behavior & Organization, Elsevier (2013) View citations (12) (2013)

2011

18. Double Bubbles in Assets Markets with Multiple Generations
    Working Papers, Chapman University, Economic Science Institute View citations (14)
    See also Journal Article Double Bubbles in Assets Markets With Multiple Generations, Journal of Behavioral Finance, Taylor & Francis Journals (2014) View citations (23) (2014)
19. The Effect of Bidding Information in Ascending Auctions
    Working Papers, Chapman University, Economic Science Institute

2010

20. Durability, Re-trading and Market Performance
    Working Papers, Chapman University, Economic Science Institute
21. Gross domestic product and its components in recessions
    Working Papers, Chapman University, Economic Science Institute

2009

22. Expert Panel Ranking
    PSE-Ecole d'économie de Paris (Postprint), HAL
    Also in Post-Print, HAL (2009)
23. Radio Spectrum and the Disruptive Clarity OF Ronald Coase
    Working Papers, Chapman University, Economic Science Institute
    See also Journal Article Radio Spectrum and the Disruptive Clarity of Ronald Coase, Journal of Law and Economics, University of Chicago Press (2011) View citations (8) (2011)
24. Theory and Experiment: What are the questions?
    Post-Print, HAL View citations (4)
    See also Journal Article Theory and experiment: What are the questions?, Journal of Economic Behavior & Organization, Elsevier (2010) View citations (83) (2010)

2006

25. Exchange and Specialization as a Discovery Process
    Working Papers, George Mason University, Interdisciplinary Center for Economic Science View citations (9)
    See also Journal Article Exchange and Specialisation as a Discovery Process, Economic Journal, Royal Economic Society (2009) View citations (8) (2009)
26. Historical Property Rights, Sociality, and the Emergence of Impersonal Exchange in Long-distance Trade
    Working Papers, George Mason University, Interdisciplinary Center for Economic Science View citations (6)
    See also Journal Article Historical Property Rights, Sociality, and the Emergence of Impersonal Exchange in Long-Distance Trade, American Economic Review, American Economic Association (2008) View citations (71) (2008)
27. Sustaining cooperation in trust games
    MPRA Paper, University Library of Munich, Germany View citations (4)
    Also in Experimental, University Library of Munich, Germany (2004) View citations (3)
    See also Journal Article Sustaining Cooperation in Trust Games, Economic Journal, Royal Economic Society (2007) View citations (31) (2007)

2005

28. When Punishment Fails: Research on Sanctions, Intentions and Non- Cooperation
    Experimental, University Library of Munich, Germany View citations (27)
    Also in Experimental, University Library of Munich, Germany (2005) View citations (22)
    See also Journal Article When punishment fails: Research on sanctions, intentions and non-cooperation, Games and Economic Behavior, Elsevier (2008) View citations (130) (2008)

2004

29. INCORPORATING INSTREAM FLOW VALUES INTO A WATER MARKET
    Working Paper Series, University of Massachusetts, Amherst, Department of Resource Economics View citations (4)

2003

30. Autobiography
    Nobel Prize in Economics documents, Nobel Prize Committee
31. Fairness and short run price adjustment in posted offer markets
    UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía
    See also Chapter Fairness and Short Run Price Adjustment in Posted Offer Markets, Handbook of Experimental Economics Results, Elsevier (2008) View citations (3) (2008)
32. MECHANISMS FOR ADDRESSING THIRD PARTY IMPACTS RESULTING FROM VOLUNTARY WATER TRANSFERS
    Working Paper Series, University of Massachusetts, Amherst, Department of Resource Economics View citations (2)
    Also in 2002 Annual meeting, July 28-31, Long Beach, CA, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) (2002) View citations (4)
    See also Chapter Mechanisms for Addressing Third-Party Impacts Resulting From Voluntary Water Transfers, Chapters, Edward Elgar Publishing (2006) View citations (3) (2006)
33. The endowment effect
    UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía View citations (3)
    See also Chapter The Endowment Effect, Handbook of Experimental Economics Results, Elsevier (2008) View citations (1) (2008)

2002

34. Constructivist and Ecological Rationality in Economics
    Nobel Prize in Economics documents, Nobel Prize Committee View citations (20)
    See also Journal Article Constructivist and Ecological Rationality in Economics, American Economic Review, American Economic Association (2003) View citations (210) (2003)
35. Interview with the 2002 Laureates in Economics, Daniel Kahneman and Vernon L. Smith
    Nobel Prize in Economics documents, Nobel Prize Committee

2001

36. A Functional Imaging Study of Cooperation in Two-Person reciprocal Exchange
    MPRA Paper, University Library of Munich, Germany View citations (121)

1997

37. 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 Do the Rich Get Richer and the Poor Poorer? Experimental Tests of a Model of Power, American Economic Review, American Economic Association (1998) View citations (85) (1998)

1994

38. Experimental tests of the endowment effect
    UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía View citations (1)
    See also Journal Article Experimental tests of the endowment effect, Journal of Economic Behavior & Organization, Elsevier (1996) View citations (31) (1996)

1992

39. 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 An Experimental Examination of the Walrasian Tatonnement Mechanism, RAND Journal of Economics, The RAND Corporation (1996) View citations (10) (1996)
40. Price Expectations in Experimental Asset Markets with Futures Contracting
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences

1975

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

1974

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

Undated

44. An Experimental Examination of Two Exchange Institutions
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
    See also Journal Article An Experimental Examination of Two Exchange Institutions, The Review of Economic Studies, Review of Economic Studies Ltd (1978) View citations (123) (1978)
45. An Optimistic Theory of Exhaustible Resources
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
    See also Journal Article An optimistic theory of exhaustible resources, Journal of Economic Theory, Elsevier (1974) View citations (6) (1974)
46. Bidding and Auctioning Institutions: Experimental Results
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
47. 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
48. 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 Intertemporal Competitive Equilibrium: An Empirical Study of Speculation, The Quarterly Journal of Economics, President and Fellows of Harvard College (1977) View citations (19) (1977)
49. Notes on Some Literature in Experimental Economics
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
50. Optimal Costly Firm Entry in General Equilibrium
    Working Papers, California Institute of Technology, Division of the Humanities and Social Sciences
    See also Journal Article Optimal costly firm entry in general equilibrium, Journal of Economic Theory, Elsevier (1974) View citations (8) (1974)

Journal Articles

2023

1. A classical model of speculative asset price dynamics
   Journal of Behavioral and Experimental Finance, 2023, 37, (C)
   See also Working Paper A Classical Model of Speculative Asset Price Dynamics, Papers (2023) (2023)
2. A method for identifying parameterizations of the Compensation election and Quadratic voting that admit pure-strategy equilibria
   Mathematical Social Sciences, 2023, 122, (C), 7-16

2021

3. An elementary humanomics approach to boundedly rational quadratic models
   Physica A: Statistical Mechanics and its Applications, 2021, 562, (C) View citations (1)
   See also Working Paper An Elementary Humanomics Approach to Boundedly Rational Quadratic Models, Working Papers (2020) View citations (3) (2020)

2020

4. Causal versus Consequential Motives in Mental Models of Agent Social and Economic Action: Experiments, and the Neoclassical Diversion in Economics
   Kyklos, 2020, 73, (3), 341-370 View citations (2)
   See also Working Paper Causal versus Consequential Motives in Mental Models of Agent Social and Economic Action: Experiments, and the Neoclassical Diversion in Economics, Working Papers (2018) (2018)

2018

5. Adam Smith, scientist and evolutionist: modelling other-regarding behavior without social preferences
   Journal of Bioeconomics, 2018, 20, (1), 7-21
6. Equilibrium play in voluntary ultimatum games: Beneficence cannot be extorted
   Games and Economic Behavior, 2018, 109, (C), 452-464 View citations (5)
   See also Working Paper Equilibrium Play in Voluntary Ultimatum Games: Beneficence Cannot Be Extorted, Working Papers (2017) View citations (2) (2017)
7. Experimental tests of the tolerated theft and risk-reduction theories of resource exchange
   Nature Human Behaviour, 2018, 2, (6), 383-388 View citations (3)

2017

8. Tribute to Sidney Siegel (1916‐1961): A Founder of Experimental Economics
   Southern Economic Journal, 2017, 83, (3), 664-667

2016

9. The Fair and Impartial Spectator
   Econ Journal Watch, 2016, 13, (2), 330–339 View citations (2)

2015

10. Adam Smith: Homo Socialis, Yes; Social Preferences, No; Reciprocity Was to Be Explained
    Review of Behavioral Economics, 2015, 2, (1-2), 183-193 View citations (2)
11. Conduct, rules and the origins of institutions
    Journal of Institutional Economics, 2015, 11, (3), 481-483 View citations (1)
12. Discovery processes, science, and ‘knowledge–how:’ Competition as a discovery procedure in the laboratory
    The Review of Austrian Economics, 2015, 28, (3), 237-245

2014

13. Double Bubbles in Assets Markets With Multiple Generations
    Journal of Behavioral Finance, 2014, 15, (2), 79-88 View citations (23)
    See also Working Paper Double Bubbles in Assets Markets with Multiple Generations, Working Papers (2011) View citations (14) (2011)
14. Fair and Impartial Spectators in Experimental Economic Behavior
    Review of Behavioral Economics, 2014, 1, (1-2), 1-26 View citations (13)
15. New Insights into Old Discoveries: Two Kinds of Markets
    International Journal of the Economics of Business, 2014, 21, (1), 33-35

2013

16. Adam Smith: From Propriety and Sentiments to Property and Wealth
    Forum for Social Economics, 2013, 42, (4), 283-297
17. Balance Sheet Crises: Causes, Consequences, and Responses
    Cato Journal, 2013, 33, (3), 437-470
18. Human economic choice as costly information processing
    Journal of Economic Behavior & Organization, 2013, 94, (C), 206-221 View citations (10)
19. Transparency, efficiency and the distribution of economic welfare in pass-through investment trust games
    Journal of Economic Behavior & Organization, 2013, 94, (C), 257-267 View citations (12)
    See also Working Paper Transparency, Efficiency and the Distribution of Economic Welfare in Pass-Through Investment Trust Games, MPRA Paper (2013) View citations (13) (2013)

2012

20. Resource Adequacy: Should Regulators Worry?
    Review of Network Economics, 2012, 11, (4), 35

2011

21. Exchange, Specialization, and Property as a Discovery Process
    History of Political Economy, 2011, 43, (2), 317-337 View citations (1)
22. Radio Spectrum and the Disruptive Clarity of Ronald Coase
    Journal of Law and Economics, 2011, 54, (S4), S125 - S165 View citations (8)
    See also Working Paper Radio Spectrum and the Disruptive Clarity OF Ronald Coase, Working Papers (2009) (2009)

2010

23. Discovering Economics in the Classroom with Experimental Economics and the Scottish Enlightenment
    International Review of Economic Education, 2010, 9, (2), 10-33 View citations (1)
24. Exchange, theft, and the social formation of property
    Journal of Economic Behavior & Organization, 2010, 74, (3), 206-229 View citations (25)
25. Theory and experiment: What are the questions?
    Journal of Economic Behavior & Organization, 2010, 73, (1), 3-15 View citations (83)
    See also Working Paper Theory and Experiment: What are the questions?, Post-Print (2009) View citations (4) (2009)
26. What would Adam Smith think?
    Journal of Economic Behavior & Organization, 2010, 73, (1), 83-86 View citations (4)

2009

27. Exchange and Specialisation as a Discovery Process
    Economic Journal, 2009, 119, (539), 1162-1188 View citations (8)
    See also Working Paper Exchange and Specialization as a Discovery Process, Working Papers (2006) View citations (9) (2006)
28. The design, testing and implementation of Virginia's NOx allowance auction
    Journal of Economic Behavior & Organization, 2009, 69, (2), 190-200 View citations (39)

2008

29. Historical Property Rights, Sociality, and the Emergence of Impersonal Exchange in Long-Distance Trade
    American Economic Review, 2008, 98, (3), 1009-39 View citations (71)
    See also Working Paper Historical Property Rights, Sociality, and the Emergence of Impersonal Exchange in Long-distance Trade, Working Papers (2006) View citations (6) (2006)
30. Thar She Blows: Can Bubbles Be Rekindled with Experienced Subjects?
    American Economic Review, 2008, 98, (3), 924-37 View citations (137)
31. When punishment fails: Research on sanctions, intentions and non-cooperation
    Games and Economic Behavior, 2008, 62, (2), 509-532 View citations (130)
    See also Working Paper When Punishment Fails: Research on Sanctions, Intentions and Non- Cooperation, Experimental (2005) View citations (27) (2005)

2007

32. Exclusionary Bundling and the Effects of a Competitive Fringe
    Journal of Institutional and Theoretical Economics (JITE), 2007, 163, (1), 109-132 View citations (7)
33. Samuelson PRO and Con
    The American Economist, 2007, 51, (2), 16-21
34. Sustaining Cooperation in Trust Games
    Economic Journal, 2007, 117, (522), 991-1007 View citations (31)
    See also Working Paper Sustaining cooperation in trust games, MPRA Paper (2006) View citations (4) (2006)

2006

35. Adjusting to natural disasters
    Journal of Risk and Uncertainty, 2006, 33, (1), 37-54 View citations (55)
36. Can Natural Experiments Measure Behavioral Responses to Environmental Risks?
    Environmental & Resource Economics, 2006, 33, (3), 273-297 View citations (56)

2005

37. Behavioral economics research and the foundations of economics
    Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2005, 34, (2), 135-150 View citations (26)
38. Hayek and Experimental Economics
    The Review of Austrian Economics, 2005, 18, (2), 135-144 View citations (6)
39. Identifying individual differences: An algorithm with application to Phineas Gage
    Games and Economic Behavior, 2005, 52, (2), 373-385 View citations (5)
40. ¿Qué es la economía experimental?
    Apuntes del Cenes, 2005 View citations (1)

2004

41. Cultural group selection, co evolutionary processes and large-scale cooperation (by Joseph Henrich)
    Journal of Economic Behavior & Organization, 2004, 53, (1), 85-88 View citations (4)
42. Oligopoly competition in fixed cost environments
    International Journal of Industrial Organization, 2004, 22, (2), 147-162 View citations (13)
43. Recovering Hicksian Consumer Surplus within a Collective Model: Hausman's Method for the Household
    Environmental & Resource Economics, 2004, 28, (2), 153-167 View citations (5)

2003

44. Constructivist and Ecological Rationality in Economics
    American Economic Review, 2003, 93, (3), 465-508 View citations (210)
    See also Working Paper Constructivist and Ecological Rationality in Economics, Nobel Prize in Economics documents (2002) View citations (20) (2002)
45. 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 (66)
46. Positive reciprocity and intentions in trust games
    Journal of Economic Behavior & Organization, 2003, 52, (2), 267-275 View citations (289)
47. Press Release from the Royal Swedish Academy of Sciences
    Scandinavian Journal of Economics, 2003, 105, (2), 155-156
48. Theory, experiment and the federal communications commission spectrum auctions
    Journal of Economic Behavior & Organization, 2003, 51, (3), 303-350 View citations (53)

2002

49. Is Meta-Analysis a Noah's Ark for Non-Market Valuation?
    Environmental & Resource Economics, 2002, 22, (1), 271-296 View citations (65)
50. Method in Experiment: Rhetoric and Reality
    Experimental Economics, 2002, 5, (2), 91-110 View citations (38)
51. Using the Machiavellianism instrument to predict trustworthiness in a bargaining game
    Journal of Economic Psychology, 2002, 23, (1), 49-66 View citations (89)

2001

52. Spot market mechanism design and competitivity issues in electric power
    Journal of Economic Behavior & Organization, 2001, 44, (4), 435-453 View citations (25)

2000

53. Adaptation and convergence of behavior in repeated experimental Cournot games
    Journal of Economic Behavior & Organization, 2000, 41, (2), 117-146 View citations (75)
54. Concurrent trading in two experimental markets with demand interdependence
    Economic Theory, 2000, 16, (3), 511-528 View citations (18)
55. Dividend timing and behavior in laboratory asset markets
    Economic Theory, 2000, 16, (3), 567-583 View citations (85)
56. Friend-or-foe intentionality priming in an extensive form trust game
    Journal of Economic Behavior & Organization, 2000, 43, (1), 57-73 View citations (128)
57. Momentum and overreaction in experimental asset markets
    International Journal of Industrial Organization, 2000, 18, (1), 187-204 View citations (28)
58. The Design of ``Smart'' Water Market Institutions Using Laboratory Experiments
    Environmental & Resource Economics, 2000, 17, (4), 375-394 View citations (25)
59. The Impact of Exchange Context on the Activation of Equity in Ultimatum Games
    Experimental Economics, 2000, 3, (1), 5-9 View citations (23)

1999

60. Reflections on Human Action after 50 Years
    Cato Journal, 1999, 19, (2), 195-214 View citations (3)
61. Social Distance and Other-Regarding Behavior in Dictator Games: Reply
    American Economic Review, 1999, 89, (1), 340-341 View citations (15)
62. The Winner's Curse and Public Information in Common Value Auctions: Comment
    American Economic Review, 1999, 89, (1), 319-324 View citations (7)

1998

63. Behavioral Foundations of Reciprocity: Experimental Economics and Evolutionary Psychology
    Economic Inquiry, 1998, 36, (3), 335-52 View citations (101)
64. 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 (85)
    See also Working Paper Do the Richer get Richer and the Poor Poorer? Experimental Tests of a Model of Power, UCLA Economics Working Papers (1997) (1997)
65. Numerical Computation of Equilibrium Bid Functions in a First-Price Auction with Heterogeneous Risk Attitudes
    Experimental Economics, 1998, 1, (2), 147-159 View citations (12)
66. Reciprocity, Trust, and Payoff Privacy in Extensive Form Bargaining
    Games and Economic Behavior, 1998, 24, (1-2), 10-24 View citations (41)
67. The Two Faces of Adam Smith
    Southern Economic Journal, 1998, 65, (1), 1-19 View citations (8)

1997

68. Marine Debris, Beach Quality, and Non-Market Values
    Environmental & Resource Economics, 1997, 10, (3), 223-247 View citations (13)

1996

69. An Experimental Examination of the Walrasian Tatonnement Mechanism
    RAND Journal of Economics, 1996, 27, (4), 681-699 View citations (10)
    See also Working Paper An Experimental Examination of the Walrasian Tatonnement Mechanism, Working Papers (1992) (1992)
70. Experimental tests of the endowment effect
    Journal of Economic Behavior & Organization, 1996, 30, (2), 213-226 View citations (31)
    See also Working Paper Experimental tests of the endowment effect, UC3M Working papers. Economics (1994) View citations (1) (1994)
71. On Expectations and the Monetary Stakes in Ultimatum Games
    International Journal of Game Theory, 1996, 25, (3), 289-301 View citations (151)
72. Social Distance and Other-Regarding Behavior in Dictator Games
    American Economic Review, 1996, 86, (3), 653-60 View citations (726)

1995

73. Futures Contracting and Dividend Uncertainty in Experimental Asset Markets
    The Journal of Business, 1995, 68, (4), 509-41 View citations (176)

1994

74. Cotenancy and Competition in an Experimental Auction Market for Natural Gas Pipeline Networks
    Economic Theory, 1994, 4, (1), 41-65 View citations (13)
75. Economics in the Laboratory
    Journal of Economic Perspectives, 1994, 8, (1), 113-131 View citations (147)
76. Stock market bubbles in the laboratory
    Applied Mathematical Finance, 1994, 1, (2), 111-128 View citations (46)

1993

77. Hedonic models and air pollution: Twenty-five years and counting
    Environmental & Resource Economics, 1993, 3, (4), 381-394 View citations (63)
78. Monetary Rewards and Decision Cost in Experimental Economics
    Economic Inquiry, 1993, 31, (2), 245-61 View citations (192)
79. On the failure to induce meager offers in ultimatum game
    Journal of Economic Psychology, 1993, 14, (1), 17-32 View citations (9)
80. Rewards, Experience and Decision Costs in First Price Auctions
    Economic Inquiry, 1993, 31, (2), 237-45 View citations (49)

1992

81. Designing Call Auction Institutions: Is Double Dutch the Best?
    Economic Journal, 1992, 102, (410), 9-23 View citations (14)
82. Economic Principles in the Emergence of Humankind: Presidential Address to the Western Economic Association, June 30, 1991
    Economic Inquiry, 1992, 30, (1), 1-13 View citations (4)
83. Game Theory and Experimental Economics: Beginnings and Early Influences
    History of Political Economy, 1992, 24, (5), 241-282 View citations (12)
84. Theory and Misbehavior of First-Price Auctions: Comment
    American Economic Review, 1992, 82, (5), 1392-412 View citations (56)

1991

85. Off-Floor Trading, Disintegration, and the Bid-Ask Spread in Experimental Markets
    The Journal of Business, 1991, 64, (4), 495-522 View citations (15)
86. Rational Choice: The Contrast between Economics and Psychology
    Journal of Political Economy, 1991, 99, (4), 877-97 View citations (107)

1990

87. 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 (50)
88. Auction design for composite goods: The natural gas industry
    Journal of Economic Behavior & Organization, 1990, 14, (1), 127-149 View citations (10)
89. Inducing Risk-Neutral Preferences: An Examination in a Controlled Market Environment
    Journal of Risk and Uncertainty, 1990, 3, (1), 5-24 View citations (17)

1989

90. Designing `smart' computer-assisted markets: An experimental auction for gas networks
    European Journal of Political Economy, 1989, 5, (2-3), 259-283 View citations (19)
91. Theory, Experiment and Economics
    Journal of Economic Perspectives, 1989, 3, (1), 151-69 View citations (73)

1988

92. Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets
    Econometrica, 1988, 56, (5), 1119-51 View citations (760)
93. ELECTRIC POWER DEREGULATION: BACKGROUND AND PROSPECTS
    Contemporary Economic Policy, 1988, 6, (3), 14-24 View citations (5)
94. Theory and Individual Behavior of First-Price Auctions
    Journal of Risk and Uncertainty, 1988, 1, (1), 61-99 View citations (233)

1987

95. Bidding behavior in first price sealed bid auctions: Use of computerized Nash competitors
    Economics Letters, 1987, 23, (3), 239-244 View citations (26)
96. Distribution of Customers in M/ET/M Queues Using Hokstad's Approximation
    Journal of the Royal Statistical Society Series C, 1987, 36, (3), 394-401
97. Uncertainty and partial adjustment in double-auction markets
    Journal of Economic Behavior & Organization, 1987, 8, (4), 587-601

1985

98. Experimental Development of Sealed-Bid Auction Theory: Calibrating Controls for Risk Aversion
    American Economic Review, 1985, 75, (2), 160-65 View citations (61)
99. Experimental Economics: Reply
    American Economic Review, 1985, 75, (1), 264-72 View citations (75)
100. In Search of Predatory Pricing
     Journal of Political Economy, 1985, 93, (2), 320-45 View citations (31)
101. Individual Rationality, Market Rationality, and Value Estimation
     American Economic Review, 1985, 75, (2), 397-402 View citations (51)

1984

102. A Comparison of Posted-Offer and Double-Auction Pricing Institutions
     The Review of Economic Studies, 1984, 51, (4), 595-614 View citations (56)
103. Cyclical Double-Auction Markets with and without Speculators
     The Journal of Business, 1984, 57, (1), 1-33 View citations (20)
104. Market Contestability in the Presence of Sunk (Entry) Costs
     RAND Journal of Economics, 1984, 15, (1), 69-84 View citations (14)
105. Natural Monopoly and Contested Markets: Some Experimental Results
     Journal of Law and Economics, 1984, 27, (1), 91-113 View citations (17)
106. Theory and Behavior of Multiple Unit Discriminative Auctions
     Journal of Finance, 1984, 39, (4), 983-1010 View citations (41)

1983

107. A test that discriminates between two models of the Dutch-first auction non-isomorphism
     Journal of Economic Behavior & Organization, 1983, 4, (2-3), 205-219 View citations (28)
108. Price Controls in a Posted Offer Market
     American Economic Review, 1983, 73, (1), 218-21 View citations (16)
109. Tests of a heterogeneous bidders theory of first price auctions
     Economics Letters, 1983, 12, (3-4), 207-212 View citations (23)

1982

110. A Combinatorial Auction Mechanism for Airport Time Slot Allocation
     Bell Journal of Economics, 1982, 13, (2), 402-417 View citations (207)
111. Auction market theory of heterogeneous bidders
     Economics Letters, 1982, 9, (4), 319-325 View citations (28)
112. Competitive Market Institutions: Double Auctions vs. Sealed Bid-Offer Auctions
     American Economic Review, 1982, 72, (1), 58-77 View citations (90)
113. Markets as Economizers of Information: Experimental Examination of the "Hayek Hypothesis"
     Economic Inquiry, 1982, 20, (2), 165-79 View citations (79)
114. Microeconomic Systems as an Experimental Science
     American Economic Review, 1982, 72, (5), 923-55 View citations (568)
115. On Divestiture and the Creation of Property Rights in Public Lands
     Cato Journal, 1982, 2, (3), 663-685
116. The effects of rent asymmetries in experimental auction markets
     Journal of Economic Behavior & Organization, 1982, 3, (1), 99-116 View citations (26)

1981

117. On Nonbinding Price Controls in a Competitive Market
     American Economic Review, 1981, 71, (3), 467-74 View citations (36)

1980

118. Experiments with a Decentralized Mechanism for Public Good Decisions
     American Economic Review, 1980, 70, (4), 584-99 View citations (72)
119. Incentives and Behavior in English, Dutch and Sealed-Bid Auctions
     Economic Inquiry, 1980, 18, (1), 1-22 View citations (134)

1978

120. An Experimental Examination of Two Exchange Institutions
     The Review of Economic Studies, 1978, 45, (1), 133-153 View citations (123)
     See also Working Paper An Experimental Examination of Two Exchange Institutions, Working Papers
121. Psychology and Economics: Discussion
     American Economic Review, 1978, 68, (2), 76-77

1977

122. Control theory applied to natural and environmental resources an exposition
     Journal of Environmental Economics and Management, 1977, 4, (1), 1-24 View citations (31)
123. Intertemporal Competitive Equilibrium: An Empirical Study of Speculation
     The Quarterly Journal of Economics, 1977, 91, (4), 599-624 View citations (19)
     See also Working Paper Intertemporal Competitive Equilibrium: An Empirical Study of Speculation, Working Papers
124. The Principle of Unanimity and Voluntary Consent in Social Choice
     Journal of Political Economy, 1977, 85, (6), 1125-39 View citations (21)

1976

125. Experimental Economics: Induced Value Theory
     American Economic Review, 1976, 66, (2), 274-79 View citations (410)
126. The Borrower-Lender Relationship
     American Economic Review, 1976, 66, (3), 406-07 View citations (1)

1975

127. The Primitive Hunter Culture, Pleistocene Extinction, and the Rise of Agriculture
     Journal of Political Economy, 1975, 83, (4), 727-55 View citations (86)

1974

128. An optimistic theory of exhaustible resources
     Journal of Economic Theory, 1974, 9, (4), 384-396 View citations (6)
     See also Working Paper An Optimistic Theory of Exhaustible Resources, Working Papers
129. Economic Theory and Its Discontents
     American Economic Review, 1974, 64, (2), 320-22 View citations (6)
130. General Equilibrium with a Replenishable Natural Resource
     The Review of Economic Studies, 1974, 41, (5), 105-115 View citations (5)
131. Optimal costly firm entry in general equilibrium
     Journal of Economic Theory, 1974, 9, (4), 397-417 View citations (8)
     See also Working Paper Optimal Costly Firm Entry in General Equilibrium, Working Papers

1972

132. A Theory and Test of Credit Rationing: Some Generalizations
     American Economic Review, 1972, 62, (3), 477-83 View citations (5)
133. Default Risk, Scale, and the Homemade Leverage Theorem
     American Economic Review, 1972, 62, (1), 66-76 View citations (8)
134. Dynamics of Waste Accumulation: Disposal versus Recycling
     The Quarterly Journal of Economics, 1972, 86, (4), 600-616 View citations (81)
135. On Models of Commercial Fishing: The Traditional Literature Needs No Defenders
     Journal of Political Economy, 1972, 80, (4), 776-78

1971

136. Economics of Production from Natural Resources: Reply
     American Economic Review, 1971, 61, (3), 488-91 View citations (18)

1970

137. Corporate Financial Theory Under Uncertainty
     The Quarterly Journal of Economics, 1970, 84, (3), 451-471 View citations (1)
138. Investment Behavior: Discussion
     American Economic Review, 1970, 60, (2), 29-30

1969

139. Measuring Nonmonetary Utilities in Uncertain Choices: The Ellsberg Urn
     The Quarterly Journal of Economics, 1969, 83, (2), 324-329 View citations (22)
140. On Models of Commercial Fishing
     Journal of Political Economy, 1969, 77, (2), 181-98 View citations (77)
141. Taxes and Share Valuation in Competitive Markets
     The Review of Economics and Statistics, 1969, 51, (1), 96-99

1965

142. Experimental Auction Markets and the Walrasian Hypothesis
     Journal of Political Economy, 1965, 73, (4), 387 View citations (67)

1964

143. Effect of Market Organization on Competitive Equilibrium
     The Quarterly Journal of Economics, 1964, 78, (2), 181-201 View citations (50)

1963

144. Depreciation, Market Valuations, and Investment Theory
     Management Science, 1963, 9, (4), 690-696
145. Minimization of Economic Rent in Spatial Price Equilibrium
     The Review of Economic Studies, 1963, 30, (1), 24-31 View citations (4)

1962

146. An Experimental Study of Competitive Market Behavior
     Journal of Political Economy, 1962, 70, (3), 322 View citations (533)
     Also in Journal of Political Economy, 1962, 70, (2), 111 (1962) View citations (535)

1959

147. Allocation of a resource to alternative probabilistic demands: Transport‐equipment pool assignments
     Naval Research Logistics Quarterly, 1959, 6, (3), 193-207
148. The Theory of Investment and Production
     The Quarterly Journal of Economics, 1959, 73, (1), 61-87 View citations (10)

1958

149. An Economic Analysis of Contributions Under the Income-Tax Laws
     Journal of Political Economy, 1958, 66, (5), 432

1957

150. Economic Equipment Policies: An Evaluation
     Management Science, 1957, 4, (1), 20-37 View citations (4)

Books

2022

1. Economics of Markets
   Springer Books, Springer View citations (1)

2019

2. Humanomics
   Cambridge Books, Cambridge University Press
   Also in Cambridge Books, Cambridge University Press (2019)

2014

3. Rethinking Housing Bubbles
   Cambridge Books, Cambridge University Press View citations (29)

2009

4. Rationality in Economics
   Cambridge Books, Cambridge University Press View citations (9)
   Also in Cambridge Books, Cambridge University Press (2008) View citations (126)

2006

5. Papers in Experimental Economics
   Cambridge Books, Cambridge University Press View citations (3)
   Also in Cambridge Books, Cambridge University Press (1992) View citations (4)

2005

6. Bargaining and Market Behavior
   Cambridge Books, Cambridge University Press View citations (1)
   Also in Cambridge Books, Cambridge University Press (2000) View citations (37)

Edited books

2008

1. Handbook of Experimental Economics Results, vol 1, Part 8
   Handbook of Experimental Economics Results, Elsevier View citations (172)
2. Handbook of Experimental Economics Results, vol 1, Part 2
   Handbook of Experimental Economics Results, Elsevier View citations (172)
3. Handbook of Experimental Economics Results, vol 1, Part 4
   Handbook of Experimental Economics Results, Elsevier View citations (172)
4. Handbook of Experimental Economics Results, vol 1, Part 7
   Handbook of Experimental Economics Results, Elsevier View citations (172)
5. Handbook of Experimental Economics Results, vol 1, Part 6
   Handbook of Experimental Economics Results, Elsevier View citations (172)
6. Handbook of Experimental Economics Results, vol 1, Part 1
   Handbook of Experimental Economics Results, Elsevier View citations (172)
7. Handbook of Experimental Economics Results, vol 1, Part 3
   Handbook of Experimental Economics Results, Elsevier View citations (172)
8. Handbook of Experimental Economics Results, vol 1, Part 5
   Handbook of Experimental Economics Results, Elsevier View citations (172)

1990

9. Experimental Economics
   Books, Edward Elgar Publishing

Chapters

2022

1. Financial Instability: Re-tradable Assets and Speculation
   Springer
2. Introduction
   Springer
3. Perishable goods versus re-tradable assets: A theoretical reappraisal of a fundamental dichotomy
   Chapter 15 in Handbook of Experimental Finance, 2022, pp 162-171 View citations (1)
   See also Working Paper Perishable Goods versus Re-tradable Assets: A Theoretical Reappraisal of a Fundamental Dichotomy, arXiv.org (2023) (2023)
4. Price Formation: General Equilibrium
   Springer
5. Price Formation: Overview of the Theory
   Springer
6. Price Formation: Partial Equilibrium
   Springer
7. Prologue
   Springer
8. Rediscovering Classical Economics in the Laboratory
   Springer

2014

9. Consumption and Investment Booms in the 1920s and Their Collapse in 1930
   A chapter in Housing and Mortgage Markets in Historical Perspective, 2014, pp 81-114 View citations (3)
10. Rethinking Economics: A Classical Perspective
    Palgrave Macmillan

2008

11. 1. Markets
    Elsevier
12. 2. Market Economics of Uncertainty and Information
    Elsevier
13. 3. General Equilibrium and Multiple Market Systems
    Elsevier
14. 4. Games
    Elsevier
15. 5. Mechanism Design and Policy Applications
    Elsevier
16. 6. Non-market and Organizational Research
    Elsevier
17. 7. Individual Choice, Beliefs and Behavior
    Elsevier
18. 8. Methods
    Elsevier
19. Effect of Non-binding Price Controls in Double Auction Trading
    Elsevier View citations (3)
20. Electric Power Market Design Issues and Laboratory Experiments
    Elsevier View citations (2)
21. Energy, Reserve and Adjustment Market Behavior With Industry Network, Demand and Generator Parameters
    Elsevier
22. Exogenous Uncertainty Increases the Bid-Ask Spread in the Continuous Double Auction
    Elsevier
23. Fairness and Short Run Price Adjustment in Posted Offer Markets
    Elsevier View citations (3)
    See also Working Paper Fairness and short run price adjustment in posted offer markets, Universidad Carlos III de Madrid. Departamento de Economía (2003) (2003)
24. Motivation Theory and Experimental Behavior under the Decision Cost Hypothesis
    Elsevier
25. Off-floor Trading, Market Disintegration and Price Volatility in Bid/Ask Markets
    Elsevier
26. Preface to the Handbook
    Elsevier
27. Preferences and Property Rights in Ultimatum and Dictator Games
    Elsevier View citations (3)
28. Price Bubbles
    Elsevier View citations (5)
29. Prompting Strategic Reasoning Increases Other-regarding Behavior
    Elsevier View citations (1)
30. Reciprocity in Ultimatum and Dictator Games: An Introduction
    Elsevier View citations (11)
31. Rewards and Behavior in First Price Auctions
    Elsevier
32. Social Distance and Reciprocity in Dictator Games
    Elsevier View citations (2)
33. Strategy-Proof Equilibrium Behavior in Two-Sided Auctions
    Elsevier
34. The Combinatorial Auction
    Elsevier View citations (12)
35. The Endowment Effect
    Elsevier View citations (1)
    See also Working Paper The endowment effect, Universidad Carlos III de Madrid. Departamento de Economía (2003) View citations (3) (2003)
36. The Paradox of Power
    Elsevier View citations (1)
37. The Walrasian Auction
    Elsevier View citations (1)
38. Transmission Constraints, Incentive Auction Rules and Trader Experience in an Electric Power Market
    Elsevier

2007

39. Keynote Speech: “Foundations of Experimental Economics, Economic Design and Applications”
    Springer
40. Public Speech: “Markets, Capital Markets and Globalization”
    Springer

2006

41. Mechanisms for Addressing Third-Party Impacts Resulting From Voluntary Water Transfers
    Chapter 5 in Using Experimental Methods in Environmental and Resource Economics, 2006 View citations (3)
    See also Working Paper MECHANISMS FOR ADDRESSING THIRD PARTY IMPACTS RESULTING FROM VOLUNTARY WATER TRANSFERS, University of Massachusetts, Amherst, Department of Resource Economics (2003) View citations (2) (2003)

1981

42. An Experimental Comparison of Three Public Good Decision Mechanisms
    Palgrave Macmillan

1980

43. Relevance of Laboratory Experiments to Testing Resource Allocation Theory
    A chapter in Evaluation of Econometric Models, 1980, pp 345-377 View citations (20)

1974

44. Economics of Production from Natural Resources
    Palgrave Macmillan

1964

45. Appendix I-H: The Measurement of Capital
    A chapter in Measuring the Nation's Wealth, 1964, pp 329-353

Editor

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