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Cataloged Resource Summary

 

Title

Posted Offer Double Market

Author

Charles Holt

Categories

Industrial Organization
Market Structure

Type

Experiment Software

Description

This program runs a one-sided auction in which sellers post prices independently on a take-it-or-leave-it basis at the start of each market period or "round." Buyers then place orders at the posted prices. The program collects and displays price information. The "admin" module calculates the theoretical competitive price for comparison.

URL

http://veconlab.econ.virginia.edu/po/po.php
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