ECONOMIC INSTRUCTION - An Experimental Education Market with Positive Externalities - This classroom experiment demonstrates how transactions in a competitive market ignore spill-over benefits to third parties, resulting in inefficiencies. Participants are provided with incentive and opportunity to negotiate solutions that improve the competitive outcome. The experiment demonstrates how markets ...
| Year of publication: |
2000
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| Authors: | Hazlett, Denise |
| Published in: |
The journal of economic education. - Philadelphia, Pa : Routledge, ISSN 0022-0485, ZDB-ID 4105357. - Vol. 31.2000, 1, p. 44-51
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