The aim of this investigation is to display how the use of classroom experiments may be a good pedagogical tool to teach the Nash equilibrium (NE) concept. The basic game for our purposes is a repeated version of the Beauty Contest Game (BCG), a simple guessing game whose repetition lets...

This paper explores issues regarding the regional convergence process. We study the per capita income of Andalusia compared with the remaining regions in Spain over period 1965-1995. Using a very simple growth model with public capital as a production factor, we show that infrastructure...

This paper uses the theory of hedonic prices for housing services. The classical approach in this field of urban economics is the monocentric model. The model is often criticized due to the restrictiveness of its assumptions. The most important hypothesis is that the rental value per unit of...

This paper uses the theory of hedonic prices for housing services. The classical approach in this field of urban economics is the monocentric model. The model is often criticized due to the restrictiveness of its assumptions. The most important hypothesis is that the rental value per unit of...

This paper introduces some new features in the standard experimental design of the beauty contest in order to allow communication among participants. With that aim, we use the mode instead of the mean and non-rival payoffs. This design encourages students to communicate their guessed number,...