Developments on Experimental Economics

1. Game-Theoretic Individual Decision Making

   1. Frames and Games

      • Jordi Brandts, Christiane Schwieren

      Pages 175-180

   2. Combinatorial Auction Bandwidth Trading: An Experimental Study

      • Charis Kaskiris, Rajul Jain, Ram Rajagopal, Pravin Varaiya

      Pages 181-186

   3. A Note on Peer Enforcement by Selective Exclusion: An Extended Abstract

      • Jana Vyrastekova, Daan van Soest

      Pages 187-192

2. Performance of the System

   1. Front Matter

      Pages 193-193

      PDF

   2. Recycling of Durable Goods: Modeling and Experiments

      • Nariaki Nishino, Hiroki Nakayama, Sobei H. Oda, Kanji Ueda

      Pages 195-200

   3. Decision Making in Artifactual Systems With Bounded Rationality

      • Tomomi Kito, Nobutada Fujii, Kanji Ueda

      Pages 201-206

   4. A Study on Virtual Market for Pareto Optimal Mediation in Economic Society

      • Toshiya Kaihara, Susumu Fujii

      Pages 207-212

   5. Empirical Tests of Exchange Rate Theory

      • Eric O’N. Fisher

      Pages 213-218

   6. Charting the Market: Fundamental and Chartist Strategies in a Participatory Stock Market Experiment

      • László Gulyás, Balázs Adamcsek

      Pages 219-224

3. Between the System and Individual Behaviour

   1. Front Matter

      Pages 225-225

      PDF

   2. Audit Credibility and the Audit Fees: A Theory and an Experimental Investigation

      • Tatsuhiko Kato

      Pages 227-232

   3. When Firms Contest in Markets: An Experiment

      • Utteeyo Dasgupta

      Pages 233-238

   4. How to Use Private Information in a Multi-person Zero-sum Game

      • Hiroyasu Yoneda, Gen Masumoto, Sobei H. Oda

      Pages 239-244

   5. A Price Competition Experiment Between Middlemen: Linear Function Case

      • Kazuhito Ogawa, Kouhei Iyori, Sobei H. Oda

      Pages 245-250

   6. Does the Level of Information Matter for Traders? On the Usefulness of Information in Experimental Asset Markets

      • Juergen Huber, Michael Kirchler, Matthias Sutter

      Pages 251-256

   7. A Laboratory Comparison of Arbitration Mechanisms: FOA and AFOA

      • Cary Deck, Amy Farmer, Dao-Zhi Zeng

      Pages 257-262

This volume presents papers and speeches given in the Experimental E- nomics Week in Honour of Dr Vernon L. Smith held in Okayama and Kyoto, 13-17 December 2004, which consisted of Dr Smith’s public speech and the International Conference on Experiments in Economic Sciences: New - proaches to Solving Real-world Problems. Despite having a short history, experiments are now considered indispensable in economics as in other ?elds of science and engineering. As Dr Smith’s Nobel Prize (2002) shows, experimental economics has now established itself in modern economics. In such an environment, researchers are expected to developthetraditionwithnewideasinnew?eldsforsolvingvariousproblems in the real world. The Experimental Economics Week, which was organised to explore new ?elds for experiments with new approaches, provided a unique opportunity for those who were engaged or interested in experiments in their ?elds to discuss experimental approaches from various standpoints. Economic experiments broaden and deepen our understanding of human - haviour, the economy and their interdependence. Some experiments are - signed to observe how people behave. Experimenters control subjects’ e- nomic environment to guess their strategies, which are not always apparent in the real world. The environment may be game-theoretic (a person’s gain or loss is a?ected by other persons’ actions) or non-game-theoretic. In either case what is checked is subjects’ behaviour. Some experiments are done to see how market or other economic systems work.

• Experimental Accounting
• Experimental Economics
• Experimental Management Theory
• Simulation
• Social Engineering
• calculus

• Faculty of Economics, Kyoto Sangyo University, Kyoto, Japan

  Sobei Hidenori Oda

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