ECONOMIC INSTRUCTION - Teaching Marginal Cost, Supply, and Efficiency with an English-Auction Experiment - This experiment presents a computerized, multiple-unit English auction in a market with many sellers and a single buyer. lt demonstrates how the marginal cost is connected to the supply curve and the efficiency of competitive markets
| Year of publication: |
2000
|
|---|---|
| Authors: | Bernard, John C. ; Schulze, William |
| Published in: |
The journal of economic education. - Philadelphia, Pa : Routledge, ISSN 0022-0485, ZDB-ID 4105357. - Vol. 31.2000, 1, p. 52-59
|