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Teaching Marginal Cost, Supply, and Efficiency with an English-Auction Experiment
Bernard, John C., (2000)
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
The next new thing: curiosity and the motivation to purchase novel products
Bernard, John C., (2005)