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Experimental Markets Using the Electronic Market Place (EMP)

Published online by Cambridge University Press:  28 April 2015

Paul L. Fackler  and
Kevin McNew
Paul L. Fackler
Affiliation:
Department of Agricultural and Resource Economics at North Carolina State University
Kevin McNew
Affiliation:
Department of Agricultural and Resource Economics at the University of Maryland
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Abstract

A computer system for implementing electronic markets on networks of personal computers is described. The program allows a researcher or teacher to design market simulations to meet a variety of goals, and records a complete set of market activities for analysis. Illustrations of example markets are provided, and the classroom application of market simulations in teaching agricultural economics is discussed.

Keywords

computer softwareexperimental economicssimulations
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 30 , Issue 1 , July 1998 , pp. 151 - 162
Copyright
Copyright © Southern Agricultural Economics Association 1998

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