Barter Trading as a Microeconomics Teaching Device |
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| Authors: | Jonathan M Karpoff |
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| Institution: | Department of Finance, Business Economics, and Quantitative Methods, School of Business Administration at the University of Washington |
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| Abstract: | Karpoff reports on a “barter trading game” in which students exchanged real goods over a period of seven weeks with different market constraints imposed each week. Student comments about the exercise were favorable. |
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| Keywords: | Bertrand classroom experiment Cournot first-mover advantage Stackelberg game |
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