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Trading in Networks: a Classroom Experiment

Author

Listed:
  • Paul Johnson

    (Department of Economics and Public Policy, University of Alaska Anchorage)

  • Qiujie Zheng

    (Department of Economics and Public Policy, University of Alaska Anchorage)

Abstract

This paper describes a classroom experiment that demonstrates coordination and competition between traders in a network. Students test theoretical predictions concerning the emergence of equilibrium and the division of surplus between buyers and sellers. The experiment is appropriate for use in teaching intermediate microeconomics, industrial organization, transportation economics and game theory.

Suggested Citation

  • Paul Johnson & Qiujie Zheng, 2015. "Trading in Networks: a Classroom Experiment," Working Papers 2015-03, University of Alaska Anchorage, Department of Economics.
    • Handle: RePEc:ala:wpaper:2015-03
    as

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    File URL: http://www.econpapers.uaa.alaska.edu/RePEC/ala/wpaper/ALA201503.pdf
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    More about this item

    Keywords

    Experimental Economics; Classroom Experiment; Trading in Networks;
    All these keywords.

    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior

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