NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Field Experiments in Markets

Omar Al-Ubaydli, John A. List

NBER Working Paper No. 22113
Issued in March 2016
NBER Program(s):Development Economics, Industrial Organization, , Labor Studies

This is a review of the literature of field experimental studies of markets. The main results covered by the review are as follows: (1) Generally speaking, markets organize the efficient exchange of commodities; (2) There are some behavioral anomalies that impede efficient exchange; (3) Many behavioral anomalies disappear when traders are experienced.

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Document Object Identifier (DOI): 10.3386/w22113

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