Title |
Selling Seats Through An English Auction
|
Author |
G. Dirk Mateer |
|
Category
|
Auctions
|
Type |
Non-computerized experiment |
Description |
The experimental auction highlights the importance of property rights in undergirding the market process. The auction is conducted on the first day that the class meets. The auction process and outcome provides a concrete example of how markets work and an opportunity to relate this to a variety of topics discussed in principles of economics. |
URL |
http://mcnet.marietta.edu/~delemeeg/expernom/f97.html#mateer |
Home URL |
http://mcnet.marietta.edu/~delemeeg/expernom.html |
