An experiment on the efficiency of bilateral exchange under incomplete markets

DOI10.1016/J.GEB.2019.02.007zbMath1419.91201OpenAlexW2898921901MaRDI QIDQ1735816

Olga A. Rud, Manizha Sharifova, Jean Paul Rabanal

Publication date: 29 March 2019

Published in: Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.geb.2019.02.007

zbMATH Keywords

general equilibriumincomplete marketsWalrasian equilibriumexperimental market gamespecuniary externalities

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50) Experimental studies (91A90)

Uses Software

• oTree

Cites Work

• The impact of a financial transaction tax on stylized facts of price returns -- evidence from the lab
• Competitive behavior in market games: evidence and theory
• General equilibrium, markets, macroeconomics and money in a laboratory experimental environment
• A simple risk-sharing experiment
• Markets versus negotiations: an experimental investigation
• Bank Runs, Deposit Insurance, and Liquidity
• Inefficient Credit Booms
• Market for Information: Experimental Evidence
• Liquidity hoarding
• Pecuniary Externalities in Economies with Financial Frictions
• Inefficient Investment Waves

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