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Experimental Markets Using the Electronic Market Place (EMP)

Paul Fackler () and Kevin McNew

Journal of Agricultural and Applied Economics, 1998, vol. 30, issue 1, 151-162

Abstract: A computer system for implementing electronic markets on networks of personal computers is described. The program allows a researcher or teacher to design market simulations to meet a variety of goals, and records a complete set of market activities for analysis. Illustrations of example markets are provided, and the classroom application of market simulations in teaching agricultural economics is discussed.

Date: 1998
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