Experimental Markets with Frictions

Decentralized and impersonal exchange is fundamental to contemporary economies, where many interactions take place among individuals with low levels of information about their counterpart. We review the experimental literature about markets with frictions, where strangers interact in pairs formed at random in economies of indefinite duration. We focus on the impact of communication on the efficiency of the outcome and report results of a new experiment

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Year of publication:	2013
Authors:	Camera, Gabriele ; Casari, Marco ; Bigoni, Maria
Publisher:	[S.l.] : SSRN
Subject:	Experiment \| Marktmechanismus \| Market mechanism \| Unvollkommener Markt \| Incomplete market \| Suchtheorie \| Search theory

Extent:	1 Online-Ressource (18 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Economic Surveys, Vol. 27, Issue 3, pp. 536-553, 2013 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 2013 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014157324