Collaborative Research: Competitive Market Experiments for the Microeconomics Curriculum

合作研究：微观经济学课程的竞争市场实验

• 批准号: 0633252
• 负责人: Steve Gjerstad
• 金额: $ 4.04万
• 依托单位: Purdue University
• 依托单位国家: 美国
• 项目类别: Standard Grant
• 财政年份: 2007
• 资助国家: 美国
• 起止时间: 2007-03-01 至 2009-02-28
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=0633252&HistoricalAwards=false
• 关键词: Collaborative; Research; Competitive; Market; Experiments

Economics (82) Experimental economics has contributed significantly to our understanding of the successes and limitations of models of competitive markets, and has also demonstrated how interactions among individual sellers and buyers generate market outcomes. An important goal of efforts to improve the undergraduate microeconomics curriculum is to develop student-use models of prices and allocations in a market economy. Students who participate in market experiments directly experience interactions among sellers and buyers. They see how these lead, in many market settings, to efficient allocations and stable market prices. Intellectual MeritOver the past 4 years, internet accessible market experiments that demonstrate key concepts from microeconomic models of competitive markets have been developed. In these experiments, students interact with one another as sellers or buyers in a market. As a group, their decisions and actions determine prices and exchange quantities, and the outcomes that they generate typically correspond closely to the predictions of the competitive equilibrium model. This type of exercise has had a substantially positive impact on students' learning. Implementation of a market model in an experiment makes the model tangible, which facilitates students' understanding of the model's elements and increases their confidence in the relevance and predictive capability of the model. In the current proposal we are working to extend the experiments to include the long-run equilibrium model - one of the key models in the microeconomics curriculum - and then to apply the model to problems in taxation and regulation. With these additions, the experiments available on "Econport" will include all of the core market models taught in the undergraduate microeconomics curriculum. Econport is a resource available through the National STEM Digital Library. Broader ImpactThe market experiments that we have developed have many advantages. Because they are internet based experiments, they are widely accessible and independent of computing platform. Because they are compiled programs, they are fast, reliable, and support a customized user interface. These characteristics have been selected so that colleges and universities that do not have a dedicated economics laboratory - or that have an economics laboratory but do not have market experiment software - will be able to incorporate these experiments into the undergraduate microeconomics curriculum. Our expectation is that this approach to market experiments will broaden access to these experiments to any institution where students have internet access, which now includes most if not all undergraduate programs in the U.S. As future experiments are developed by faculty in the relatively small number of institutions that conduct research on market experiments, they can be made quickly available to undergraduate instructors.

实验经济学对我们理解竞争市场模型的成功和局限性做出了重大贡献，也展示了个体卖家和买家之间的互动如何产生市场结果。 努力改善本科微观经济学课程的一个重要目标是开发学生使用的市场经济中的价格和分配模型。 参与市场实验的学生直接体验卖家和买家之间的互动。 他们看到，在许多市场环境中，这些措施如何导致有效的分配和稳定的市场价格。 在过去的4年里，互联网可访问的市场实验，证明竞争市场的微观经济模型的关键概念已经开发。在这些实验中，学生们作为市场上的卖家或买家彼此互动。作为一个群体，他们的决策和行动决定了价格和交换量，他们产生的结果通常与竞争均衡模型的预测密切相关。这类练习对学生的学习产生了实质性的积极影响。 在实验中实施市场模型使模型变得有形，这有助于学生理解模型的要素，并增加他们对模型的相关性和预测能力的信心。 在目前的建议中，我们正在努力扩大实验，包括长期均衡模型-微观经济学课程的关键模型之一-然后将该模型应用于税收和监管问题。有了这些补充，“Econport”上的实验将包括本科微观经济学课程中教授的所有核心市场模型。 Econport是国家STEM数字图书馆提供的资源。 更广泛的影响我们开发的市场实验有很多优势。 因为它们是基于互联网的实验，所以它们是广泛可访问的，并且独立于计算平台。 因为它们是编译程序，所以它们快速、可靠，并支持自定义用户界面。选择这些特征是为了使没有专门的经济学实验室的学院和大学-或者有经济学实验室但没有市场实验软件-将能够将这些实验纳入本科微观经济学课程。我们的期望是，这种市场实验的方法将扩大这些实验的任何机构，学生可以上网，这现在包括大多数，如果不是所有的本科课程在美国作为未来的实验是由教师在相对较少的机构进行市场实验的研究，他们可以迅速提供给本科教师。