Experimental Investigations of Laboratory Markets Under Conditions of Substantially Increased Time Frame, Scope and Scale

9730176 Plott这个项目探索实验市场的特性，这些实验市场在一个时间框架、范围和规模上运行，远远超出了迄今为止所研究的市场系统。技术的进步，加上重大的科学进步，已经使几年前无法想象的实验室实验的实施和控制成为可能。市场数量将从目前研究中典型的最多两三个市场增加到几十个市场。用于实验的时间将从两三个小时增加到几天甚至几个星期。实验对象的数量将从目前实验室实验的几十个左右增加到几百个。目的性研究消除了限制，为实验室实验方法的研究开辟了新的经济现象，发展了新的方法论，提高了实验室实验结果与应用目的的相关性。研究的第一阶段包括创建大规模/范围的实验，其中包含了研究良好的小规模实验的关键方面。虽然有目的的大规模实验基本上是新的，但与以前工作的联系将使它们成为“锚”，可以用于在大型环境中进行各种不同实验的定向。这一阶段集中在各自感兴趣的三个实验室实验领域：单一市场均衡、信息聚合和多市场（一般均衡）系统。第二阶段在很大程度上依赖于第一阶段。一旦更好地理解有限时间、范围和规模的一些可能影响，并建立锚定实验，将解决全新的研究课题和变量。经典理论和应用理论都涉及多个市场、相互依赖和多个组织的相互作用。但是，由于无法创造适当的环境，关于这些主题的实验受到限制。下一个阶段创建它们。要探讨的一些具体主题是：多重货币和一般均衡；价格管制;信息聚合;一般平衡实验中的局部非凸性网络系统和智能市场；和竞争组织。？?

9730176 Plott This project explores the properties of experimental markets that operate on a time frame, scope and scale substantially beyond market systems that have been studied to date. Advances in technology, coupled with significant scientific progress, have made possible the implementation and control of laboratory experiments that could not be imagined a few years ago. The number of markets will be increased from the two or three market maximum, typical of current studies, to dozens of markets. The time devoted to an experiment will be increased from two or three hours to days and possibly weeks. The number of subjects will be increased from the dozen or so typical of current laboratory experiments to several hundred. The purposed research removes constraints, opens new economic phenomena for study by laboratory experimental methods, develops new methodology and enhances the relevance of laboratory experimental results for applied purposes. The first phase of research involves the creation of large scale/scope experiments that incorporate critical aspects of well researched, small scale experiments. While the purposed large scale experiments are substantially new, the links to previous work will make them "anchors" than can be used for orientation in a variety of different experiments in large environments. This phase concentrates on three areas of laboratory experimentation of interest in their own right: single market equilibration, information aggregation and multiple market (general equilibrium) systems. The second phase depends importantly on the first phase. Completely new research topics and variables will be addressed, once some of the possible influences of limited time, scope and scale are better understood and the anchor experiments have been established. Both classical theory and applied theory involve the interaction of multiple markets, interdependencies and multiple organizations. However, experimentation on such topics has been limited because appropriate environments could not have been created. This next phase creates them. Some of the specific topics to be explored are: multiple moneys and general equilibrium; price controls; information aggregation; local non-convexities in general equilibrium experiments; networked systems and smart markets; and competing organizations. ??