NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Nature of Excess: Using Randomized Treatments to Investigate Price Dynamics

Omar Al-Ubaydli, John A. List, Michael K. Price

NBER Working Paper No. 16319
Issued in August 2010

---- Acknowledgements -----

We wish to thank Tim Cason, Ryan Oprea, Charles Plott and John Wooders for helpful comments. Evren Atiker and Nicholas Curott provided excellent research assistance. Al‐Ubaydli: Department of Economics and Mercatus Center, George Mason University. List: Department of Economics, University of Chicago and NBER. Price: Department of Economics and Center for Business and Economic Research, University of Tennessee at Knoxville. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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