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Peer reviewedBergstrom, Theodore C.; Kwok, Eugene – Journal of Economic Education, 2005
How well does competitive theory explain the outcome in experimental markets? The authors examined the results of a large number of classroom trading experiments that used a pit-trading design found in Experiments with Economic Principles, an introductory economics textbook by Bergstrom and Miller. They compared experimental outcomes with…
Descriptors: Economics Education, Experiments, Class Activities, Textbooks
