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Simulating a Multiproduct Barter Exchange Economy

Levy, Daniel; Bergen, Mark - EconWPA - 2005

We describe a multiproduct barter trading experiment in which students exchange real goods in an open market based on … their own personal preference. The experiment is designed for simulating a pure exchange market in order to demonstrate the …

Persistent link: https://www.econbiz.de/10005125577

Individual Preferences for Giving

Fisman, Raymond; Kariv, Shachar; Markovits, Daniel - EconWPA - 2005

This paper reports an experimental test of individual preferences for giving. We use graphical representations of modified Dictator Games that vary the price of giving. This generates a very rich data set well- suited to studying behavior at the level of the individual subject. We test the data...

Persistent link: https://www.econbiz.de/10005118605

Beans as a Medium of Exchange

Fried, Harold; Levy, Daniel - EconWPA - 2005

This note describes an experiment, which is an extension of the experiment proposed by Levy and Bergen (1993). The … experiment is designed to simulate an environment where something that is very similar to fiat money (i.e., is homogenous …

Persistent link: https://www.econbiz.de/10005119382