Intertemporal Competitive Equilibrium: An Empirical Study of Speculation

Ross Miller, Charles Plott () and Vernon Smith ()

The Quarterly Journal of Economics, 1977, vol. 91, issue 4, 599-624

Abstract: Theory and hypotheses, 600.—Subjects and experimental design, 601.—Experimental results, 605.—Concluding remarks, 610.—Appendix 1: Instructions for market experiment 1, 610.—Appendix 2: Instructions, 615.—Appendix 3: Subject index and limit prices, 618.—Appendix 4: Contracts in experiment 1, and bids, offers, and contracts for experiment 2, 619.

Date: 1977
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