EXPERIMENTAL MARKETS USING THE ELECTRONIC MARKET PLACE (EMP)

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.Computer software, Experimental economics, Simulations, Marketing,