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Cataloged Resource Summary

 

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
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