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Direct linkBergman, Margo; Mateer, G. Dirk; Reksulak, Michael; Rork, Jonathan C.; Wilson, Rick K.; Zirkle, David – Journal of Economic Education, 2009
The authors detail an urban economics experiment that is easily run in the classroom. The experiment has a flexible design that allows the instructor to explore how congestion, zoning, public transportation, and taxation levels determine the bid-rent function. Heterogeneous agents in the experiment compete for land use using a simple auction…
Descriptors: Economics, Urban Areas, Economics Education, Experiments
Peer reviewedLiu, Liqun; Rettenmaier, Andrew J. – Journal of Economic Education, 2005
The excess burden of taxation typically has two graphical representations in undergraduate microeconomics and public finance textbooks: the IC/BC (indifference curve/budget constraint) representation and the demand/supply representation. The IC/BC representation has the advantage of showing the behavioral response to a distortionary tax and how a…
Descriptors: Microeconomics, Economics Education, Taxes, Undergraduate Study
