Experimental Laboratory for Economics and Business Research

Research


Working Papers

  1. Do Strategic Substitutes Make Better Markets? A Comparison of Bertrand and Cournot Markets,  Douglas D. Davis
  2. Experimental Evidence on Inequality Aversion: Dictators Give to Help the Less Fortunate,  Korenok Oleg & Edward L. Millner & Laura Razzolini
  3. Can Relaxation of Beliefs Rationalize the Winner’s Curse?: An Experimental Study,  Asen Ivanov & Dan Levin & Muriel Niederle 
  4. Strategic Play and Risk Aversion in One-Shot Normal-Form Games: An Experimental Study, Asen Ivanov 
  5. Cooperation without Coordination: Signaling, Types and Tacit Collusion in Laboratory Oligopolies, Douglas D. Davis & Korenok Oleg & Robert Reilly 

Publications

2009/forthcoming

  1. Asen Ivanov & Dan Levin & James Peck, "Study of a Small-Market Investment Game with Common and Private Values," American Economic Review
  2. Douglas D. Davis, "Pure Numbers Effects, Market Power, and Tacit Collusion in Posted Offer Markets, "  Journal of Economic Behavior & Organization
  3. Douglas D. Davis & Korenok Oleg & Robert Reilly, "Re-matching, Information and Sequencing Effects in Posted Offer Markets,"  Experimental Economics
  4. Douglas D. Davis & Oleg Korenok, "Posted - Offer Markets In Near Continuous Time: an Experimental Investigation,"  Economic Inquiry


2000-2008

  1. Lisa R. Anderson & Emily Blanchard & Kelly Chaston & Charles Holt & Laura Razzolini & Robert Singleton (2008). "Production and Gains from Trade," Prespectives on Economic Education Research 4(1).
  2. Yan Chen & Laura Razzolini & Theodore Turocy, 2007. "Congestion allocation for distributed networks: an experimental study,"Economic Theory, Springer, vol. 33(1), pages 121-143, October.
  3. Davis, Douglas D. & Wilson, Bart J., 2008. "Strategic buyers, horizontal mergers and synergies: An experimental investigation,"International Journal of Industrial Organization, Elsevier, vol. 26(3), pages 643-661, May.
  4. Davis, Douglas D. & Holt, Charles A., 2008. "The Exercise of Market Power in Laboratory Experiments,"Handbook of Experimental Economics Results, Elsevier. 
  5. Davis, Douglas D. & Holt, Charles A., 2008. "The Effects of Collusion in Laboratory Experiments," Handbook of Experimental Economics Results, Elsevier. 
  6. Davis, Douglas D. & Wilson, Bart J., 2008. "Mixed Strategy Nash Equilibrium Predictions as a Means of Organizing Behavior in Posted-Offer Market Experiments," Handbook of Experimental Economics Results, Elsevier.
  7.  Douglas D. Davis & Laura Razzolini & Robert Reilly & Bart J. Wilson, 2006. "Raising Revenues for Charity: Auctions versus Lotteries," in D.D. Davis and R. Mark Isaac (eds.) Research in Experimental Economics, vol 11. JAI Press, New York. 49-95 (2006).
  8. Douglas D. Davis, 2006. "Rebate subsidies, matching subsidies and isolation effects,"Judgment and Decision Making, Society for Judgment and Decision Making, vol. 1, pages 13-22.
  9. Laura Razzolini & Michael Reksulak & Robert Dorsey, 2007. "An Experimental Evaluation of the Serial Cost Sharing Rule,"Theory and Decision, Springer, vol. 63(3), pages 283-314, November.
  10. Davis, Douglas and R. Mark Isaac (eds.) Research in Experimental Economics, vol. 11 Experiments Investigating Fundrasing and Charitable Contributions,  JAI Press, New York (2006).
  11. Douglas Davis & Bart Wilson, 2006. "Equilibrium Price Dispersion, Mergers and Synergies: An Experimental Investigation of Differentiated Product Competition," International Journal of the Economics of Business, Taylor and Francis Journals, vol. 13(2), pages 169-194, July.
  12. Douglas Davis & Edward Millner & Robert Reilly, 2005. "Subsidy Schemes and Charitable Contributions: A Closer Look,"Experimental Economics, Springer, vol. 8(2), pages 85-106, June.
  13. Davis, Douglas D. & Wilson, Bart J., 2005. "Differentiated product competition and the Antitrust Logit Model: an experimental analysis," Journal of Economic Behavior & Organization, Elsevier, vol. 57(1), pages 89-113, May.
  14. Douglas D. Davis & Edward L. Millner, 2005. "Rebates, Matches, and Consumer Behavior," Southern Economic Journal, Southern Economic Association, vol. 72(2), pages 410-421, October.
  15. Douglas Davis & Robert Reilly & Bart Wilson, 2003. "Cost Structures and Nash Play in Repeated Cournot Games,"Experimental Economics, Springer, vol. 6(2), pages 209-226, October.
  16. Robert Dorsey & Laura Razzolini, 2003. "Explaining Overbidding in First Price Auctions Using Controlled Lotteries,"Experimental Economics, Springer, vol. 6(2), pages 123-140, October.
  17. Douglas D. Davis, 2002. "Collusion in Procurement Auctions: an Experimental Examination,"Economic Inquiry, Oxford University Press, vol. 40(2), pages 213-230, April.
  18. Davis, Douglas D., 2002. "Strategic interactions, market information and predicting the effects of mergers in differentiated product markets," International Journal of Industrial Organization, Elsevier, vol. 20(9), pages 1277-1312, November.
  19. Douglas D. Davis & Bart J. Wilson, 2000. "symposium articles : Firm-specific cost savings and market power,"Economic Theory, Springer, vol. 16(3), pages 545-565.

    1982-1999

    1. Davis, Douglas D., 1999. "Advance production and Cournot outcomes: an experimental investigation,"Journal of Economic Behavior & Organization, Elsevier, vol. 40(1), pages 59-79, September.
    2. Davis, Douglas D & Reilly, Robert J, 1999. " Rent-Seeking with Non-identical Sharing Rules: An Equilibrium Rescued,"Public Choice, Springer, vol. 100(1-2), pages 31-38, July.
    3. Douglas D. Davis & Charles A. Holt, 1999. "Equilibrium cooperation in two-stage games: Experimental evidence,"International Journal of Game Theory, Springer, vol. 28(1), pages 89-109.
    4. Davis, Douglas D & Holt, Charles A, 1998. "Conspiracies and Secret Discounts in Laboratory Markets," Economic Journal, Royal Economic Society, vol. 108(448), pages 736-56, May.
    5. Davis, Douglas D & Reilly, Robert J, 1998. " Do Too Many Cooks Always Spoil the Stew? An Experimental Analysis of Rent-Seeking and the Role of a Strategic Buyer," Public Choice, Springer, vol. 95(1-2), pages 89-115, April.
    6. ouglas Davis & Robert Reilly, 1998. "Do too many cooks always spoil the stew? An experimental analysis of rent-seeking and the role of a strategic buyer," Public Choice, Springer, vol. 95(1), pages 89-115, April.
    7. Douglas D. Davis & K. Ramagopal, 1998. "Demand shocks, advance production and market power: some lessons about markets from the laboratory," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 19(4-5), pages 205-223.
    8. Davis, Douglas D. & Williams, Arlington W., 1997. "The effects of nonstationarities on performance in call markets,"Journal of Economic Behavior & Organization, Elsevier, vol. 32(1), pages 39-54, January.
    9. Davis, Douglas D. & Harless, David W., 1996. "Group vs. Individual Performance in a Price-Searching Experiment,"Organizational Behavior and Human Decision Processes, Elsevier, vol. 66(2), pages 215-227, May.
    10. Douglas D. Davis & Charles A. Holt, 1996. "Price rigidities and institutional variations in markets with posted prices,"Economic Theory, Springer, vol. 9(1), pages 63-80.
    11. Douglas D. Davis & Charles A. Holt, 1996. "Markets with posted prices: recent results from the laboratory,"Investigaciones Economicas, Fundación SEPI, vol. 20(3), pages 291-320, September.
    12. Harless, David W. & Camerer, Colin F., 1995. "An error rate analysis of experimental data testing Nash refinements,"European Economic Review, Elsevier, vol. 39(3-4), pages 649-660, April.
    13. Harless, David W & Camerer, Colin F, 1994. "The Predictive Utility of Generalized Expected Utility Theories,"Econometrica, Econometric Society, vol. 62(6), pages 1251-89, November.
    14. Davis, Douglas D. & Holt, Charles A., 1994. "The effects of discounting opportunities in laboratory posted-offer markets,"Economics Letters, Elsevier, vol. 44(3), pages 249-253.
    15. Douglas D. Davis & Charles A. Holt, 1994. "Market Power and Mergers in Laboratory Markets with Posted Prices,"RAND Journal of Economics, The RAND Corporation, vol. 25(3), pages 467-487, Autumn.
    16. Davis Douglas D. & Holt Charles A., 1994. "Equilibrium Cooperation in Three-Person, Choice-of-Partner Games,"Games and Economic Behavior, Elsevier, vol. 7(1), pages 39-53, July.
    17. Harless, David, 1993. "Experimental tests of prospective reference theory," Economics Letters, Elsevier, vol. 43(1), pages 71-76.
    18. Davis Douglas D. & Holt Charles A., 1993.   Experimental Economics. Princeton University Press: Princeton N.J. 
    19. Davis, Douglas D. & Harrison, Glenn W. & Williams, Arlington W., 1993. "Convergence to nonstationary competitive equilibria : An experimental analysis,"Journal of Economic Behavior & Organization, Elsevier, vol. 22(3), pages 305-326, December.
    20. Davis, Douglas D. & Holt, Charles a., 1993. "Experimental economics: Methods, problems and promise," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 8(2), pages 179-212.
    21. Harless, David W., 1992. "Predictions about indifference curves inside the unit triangle : A test of variants of expected utility theory," Journal of Economic Behavior & Organization, Elsevier, vol. 18(3), pages 391-414, August.
    22. Harless, David W, 1992. "Actions versus Prospects: The Effect of Problem Representation on Regret,"American Economic Review, American Economic Association, vol. 82(3), pages 634-49, June.
    23. Millner, Edward L & Pratt, Michael D, 1991. " Risk Aversion and Rent-Seeking: An Extension and Some Experimental Evidence," Public Choice, Springer, vol. 69(1), pages 81-92, February.
    24. Davis, Douglas D & Williams, Arlington W, 1991. "The Hayek Hypothesis in Experimental Auctions: Institutional Effects and Market Power," Economic Inquiry, Oxford University Press, vol. 29(2), pages 261-74, April.
    25. Peterson, Steven P. & Reilly, Robert J., 1991. "The rationality of expectations: the blomqvist experiment reconsidered,"Journal of Economic Psychology, Elsevier, vol. 12(3), pages 527-533, September.
    26. Edward L. Millner & Michael D. Pratt & Robert J. Reilly, 1990. "Contestability in Real-Time Experimental Flow Markets," RAND Journal of Economics, The RAND Corporation, vol. 21(4), pages 584-599, Winter.
    27. Davis, Douglas D. & Williams, Arlington W., 1990. "Market power and the institutional asymmetry of the posted offer trading institution," Economics Letters, Elsevier, vol. 34(3), pages 211-214, November.
    28. Harless, David W., 1989. "More laboratory evidence on the disparity between willingness to pay and compensation demanded," Journal of Economic Behavior & Organization, Elsevier, vol. 11(3), pages 359-379, May.
    29. Millner, Edward L. & Pratt, Michael D. & Reilly, Robert J., 1988. "A re-examination of Harrison's experimental test for risk aversion,"Economics Letters, Elsevier, vol. 27(4), pages 317-319.
    30. Davis, Douglas D., 1987. "Maximal quality selection and discrimination in employment,"Journal of Economic Behavior & Organization, Elsevier, vol. 8(1), pages 97-112, March.
    31. Davis, Douglas D. & Williams, Arlington W., 1986. "The effects of rent asymmetries in posted offer markets,"Journal of Economic Behavior & Organization, Elsevier, vol. 7(3), pages 303-316, September.
    32. Reilly, Robert J, 1982. "Preference Reversal: Further Evidence and Some Suggested Modifications in Experimental Design," American Economic Review, American Economic Association, vol. 72(3), pages 576-84, June.
         

        External Funding


        1. Davis, Douglas D., "Posted-Offer Markets and Oligopoly Games in Near-Continuous Time: An Experimental Investigation" National Science Foundation, 2005-2009. (REU supplement June 2007) 
        2. Razzolini, Laura, "Collaborative Research: Traffic Congestion: Actions and Reactions," National Science Foundation, HDS grant $ 91,992,  2005-2009.
        3. Davis, Douglas D.,"Fixed Cost Efficiencies and Post-Merger Prices: An Experimental Investigation," Federal Trade Commission, 2002-2003. 
        4. Davis, Douglas D.,"Differentiated Product Competition and the Antitrust Logit Model," National Science Foundation, 2000-2004. (REU supplement, June 2002) 
        5. Davis, Douglas D., "Laboratory Markets with Posted Prices:  Discounts, Search Costs, and Demand Shocks," National Science Foundation, 1994-1997. (REU supplement, June 2007). 
        6. Davis, Douglas D., "Cooperation in Finitely Repeated Games," National Science Foundation, 1990 - 1992.