Replication data for: Market Culture: How Rules Governing Exploding Offers Affect Market Performance
Principal Investigator(s): View help for Principal Investigator(s) Muriel Niederle; Alvin E. Roth
Version: View help for Version V1
Name | File Type | Size | Last Modified |
---|---|---|---|
AEJMic2007-0007_data | 10/12/2019 10:11:PM | ||
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 06:11:PM |
Project Citation:
Niederle, Muriel, and Roth, Alvin E. Replication data for: Market Culture: How Rules Governing Exploding Offers Affect Market Performance. Nashville, TN: American Economic Association [publisher], 2009. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114317V1
Project Description
Summary:
View help for Summary
Many markets encounter difficulty maintaining a thick marketplace
because they experience transactions made at dispersed times. To
address such problems, many markets try to establish norms concerning
when offers can be made, accepted, and rejected. Examining
such markets suggests it is difficult to establish a thick market at an
efficient time if firms can make exploding offers, and workers cannot
renege on early commitments. Laboratory experiments allow us to
isolate the effects of exploding offers and binding acceptances. In a
simple experiment, we find inefficient early contracting when firms
can make exploding offers and applicants' acceptances are binding.
(JEL C91, D40, D81)
Scope of Project
JEL Classification:
View help for JEL Classification
C91 Design of Experiments: Laboratory, Individual
D40 Market Structure, Pricing, and Design: General
D81 Criteria for Decision-Making under Risk and Uncertainty
C91 Design of Experiments: Laboratory, Individual
D40 Market Structure, Pricing, and Design: General
D81 Criteria for Decision-Making under Risk and Uncertainty
Related Publications
Published Versions
Report a Problem
Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.
This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.