Farmers’ performance and subject pool effect in decentralized bargaining markets |
| |
| Authors: | Israel Waichman Christiane Ness |
| |
| Institution: | a Department of Economics, University of Heidelberg, Bergheimerstrasse 20, 69115, Heidelberg, Germanyb Department of Agriculture Economics, University of Kiel, Olshausenstrasse 40, 24118, Kiel, Germany |
| |
| Abstract: | We report results from a decentralized bargaining market experiment conducted with farmers and students. Our results indicate that despite its bad reputation, performance is highly efficient (although not as efficient as the competitive equilibrium prediction). Farmers and students perform similarly regarding quantities, prices, and allocative efficiencies, but not regarding payoff allocations between buyers and sellers. |
| |
| Keywords: | C93 D40 Q10 |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
