scheme and investigate the effects of communication, an aspect typically assumed to be irrelevant by theory. We consider … communication among individual participants competing in a TDR system and team decision-making facilitated by face …-to-face communication. We find the system to be quite efficient, despite overshooting certificate prices particularly in the beginning for …

Bubbles in asset markets have been documented in numerous experimental studies. However, all experiments in which … without dividends. Surprisingly, communication turns out to be counterproductive for bubble formation, whereas the possibility …

deceiving anyone. The design should be suitable formost economics experiments, and works by amodification of an already standard … both internallyand with other public goods experiments. In addition, simultaneousplay is found to be more efficient than …