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| Nelson, Robert G.; Wilson, Norbert L.W.. |
| This series of papers is an excellent opportunity to reacquaint agricultural economists in the Southern region with the exciting field of experimental economics and is indeed opportune in light of the recent awarding of the Nobel Prize in Economics to Vernon Smith, considered by many to be the father of experimental economics. Rather than try to share the limelight with the authors on their far-reaching and comprehensive topics, we plan to take this opportunity to share some of our views of the role of experimental economics in the research laboratory and classroom. |
| Tipo: Journal Article |
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| Ano: 2003 |
URL: http://purl.umn.edu/43211 |
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| Nelson, Robert G.; Beil, Richard O., Jr.. |
| This experiment demonstrates principles of decision-making in dynamic oligopolies, especially the difficulties in forming and maintaining cartels. As an illustration of firm behavior under imperfect competition, the game distinguishes between procedurally rational choices and substantively rational decisions in the context of collusive, Cournot, and competitive equilibria. The paper discusses results from an actual classroom exercise and suggests some additional variations in institutional details. Instructions for students and a spreadsheet program for producing payoff tables are provided in the appendices. |
| Tipo: Journal Article |
Palavras-chave: Teaching; Experimental economics; Oligopoly; Teaching/Communication/Extension/Profession. |
| Ano: 1995 |
URL: http://purl.umn.edu/15353 |
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| Campbell, Benjamin L.; Nelson, Robert G.; Ebel, Robert C.; Dozier, William A.; Campbell, Julie H.; Woods, Floyd M.. |
| Ninety-five consumers in seven grocery stores tasted unidentified peeled sections of three mandarins (a tangerine, a satsuma, and a clementine), and provided demographic and purchase information. Forty-four percent of the respondents preferred tangerines, 34 percent satsumas, and 22 percent clementines. The probability of preferring each of type of mandarin was estimated from internal quality analysis of paired samples, as well as from demographic and purchase responses. Model simulations were used to recommend harvest standards for satsumas based on Brix-to-acid ratios. |
| Tipo: Journal Article |
Palavras-chave: Demand and Price Analysis; Food Consumption/Nutrition/Food Safety. |
| Ano: 2008 |
URL: http://purl.umn.edu/55983 |
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| Nelson, Robert G.; Beil, Richard O., Jr.. |
| This simple classroom experiment demonstrates many of the behavioral phenomena associated with the voluntary provision of a public good. The mechanics of the game are explained in detail and complete instructions are provided, as well as suggestions for follow-up lectures. Influences such as anonymous voting, persuasion, returns to free-riding, and duration of association can be explored in connection with concepts of incentives, individual rationality, and group welfare. A number of variations and extensions can be used to incorporate prisoners' dilemmas, incentive compatible mechanisms, negative externalities, and Coasian bargaining. |
| Tipo: Journal Article |
Palavras-chave: Teaching; Experimental economics; Public goods; Teaching/Communication/Extension/Profession. |
| Ano: 1994 |
URL: http://purl.umn.edu/15171 |
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