We run an experiment where groups of six subjects must set prices in a non-stationary macroeconomic environment, where prices are complements. The exogenous variable, a business indicator, is common knowledge and prices are flexible, disregarding sticky prices or sticky information. In a first...

LIONESS Lab is a free web-based platform for interactive online experiments. It provides solutions for the methodological challenges of interactive online experimentation, including ways to reduce waiting time, form groups on-the-fly and deal with participant dropout. The intuitive,...