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Field Experiments in Markets

Author

Listed:
  • Omar Al-Ubaydli
  • John List
Abstract
This is a review of the literature of field experimental studies of markets. The main results covered by the review are as follows: (1) Generally speaking, markets organize the efficient exchange of commodities; (2) There are some behavioral anomalies that impede efficient exchange; (3) Many behavioral anomalies disappear when traders are experienced.

Suggested Citation

  • Omar Al-Ubaydli & John List, 2017. "Field Experiments in Markets," Artefactual Field Experiments 00663, The Field Experiments Website.
    • Handle: RePEc:feb:artefa:00663
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    JEL classification:

    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles

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