Field Experiments in Markets

42 Pages Posted: 28 Mar 2016

See all articles by Omar Al-Ubaydli

Omar Al-Ubaydli

George Mason University - Department of Economics; Derasat; George Mason University - Mercatus Center

John A. List

University of Chicago - Department of Economics; National Bureau of Economic Research (NBER); IZA Institute of Labor Economics

Date Written: March 2016

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

Al-Ubaydli, Omar and List, John A., Field Experiments in Markets (March 2016). NBER Working Paper No. w22113, Available at SSRN: https://ssrn.com/abstract=2755385

Omar Al-Ubaydli (Contact Author)

George Mason University - Department of Economics ( email )

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Derasat ( email )

Bahrain

George Mason University - Mercatus Center ( email )

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John A. List

University of Chicago - Department of Economics ( email )

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Chicago, IL 60637
United States

National Bureau of Economic Research (NBER)

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IZA Institute of Labor Economics

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