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 Tim Cason - Professor of Economics

(Last updated in June of 2014)

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EDUCATION:

Ph.D.- University of California, Berkeley, 1991
B.A.- Indiana University, Bloomington, 1986


FIELDS OF INTEREST:

Experimental and Behavioral Economics
Industrial Organization
Environmental Economics
Public Economics


EMPLOYMENT AND APPOINTMENTS:

Distinguished Professor and Robert and Susan Gadomski Chair in Economics, Purdue University, 2010-Present
Professor, Purdue University, 2000-2010
Director, Vernon Smith Experimental Economics Laboratory
Associate Professor, Purdue University, 1998-2000
Associate Professor, University of Southern California, 1997-1998
Assistant Professor, University of Southern California, 1991-1997
Visiting Erskine Fellow, University of Canterbury, 2011
Distinguished Visitor, Monash University, 2011, 2012, 2013
Visiting Fellow, University of Melbourne, 2007, 2008, 2009
Visiting Scholar, Center for Research in Experimental Economics and Political Decision-Making, University of Amsterdam, 2004
Visiting Associate, California Institute of Technology, 1997
Project Manager, Quantum Consulting Inc., 1987-1991
Research Assistant, University of Arizona, 1989-1989
Teaching Assistant, UC Berkeley and IU Bloomington, 1985-1987


PUBLICATIONS:

A. Journals

"Misconceptions and Game Form Recognition: Challenges to Theories of Revealed Preference and Framing" (with Charles Plott), Journal of Political Economy, forthcoming. Read Abstract or Download Paper

"Promoting Cooperation in Nonlinear Social Dilemmas through Peer Punishment" (with Lata Gangadharan), Experimental Economics, forthcoming. Read Abstract or Download Paper

"An Experimental Investigation of Hard and Soft Price Ceilings in Emissions Permit Markets" (with David Perkis and Wallace Tyner), Environmental and Resource Economics, forthcoming. Read Abstract or Download Paper

"Swords without Covenants Do Not Lead to Self-Governance" (with Lata Gangadharan), Journal of Theoretical Politics, forthcoming. Read Abstract or Download Paper

"Cycles and Instability in a Rock-Paper-Scissors Population Game: a Continuous Time Experiment" (with Dan Friedman and Ed Hopkins), Review of Economic Studies, 81 (2014), pp. 112-136. Read Abstract or Download Paper

"Coordinating Collective Resistance through Communication and Repeated Interaction" (with Vai-Lam Mui), The Economic Journal, 124 (2014), pp. F226-256. Read Abstract or Download Paper or Download Supplementary Appendices

"Learning, Teaching, and Turn Taking in the Repeated Assignment Game" (with Sau-Him Paul Lau and Vai-Lam Mui), Economic Theory, 54 (2013), pp. 335-357. Read Abstract or Download Paper

"Cooperation Spillovers and Price Competition in Experimental Markets" (with Lata Gangadharan), Economic Inquiry 51 (2013), pp. 1715-1730. Read Abstract or Download Paper

"Empowering Neighbors versus Imposing Regulations: An Experimental Analysis of Pollution Reduction Schemes" (with Lata Gangadharan), Journal of Environmental Economics & Management 65 (2013), pp. 469-484. Read Abstract or Download Paper

"Explicit versus Implicit Contracts for Dividing the Benefits of Cooperation" (with Marco Casari), Journal of Economic Behavior and Organization 61 (2013), pp. 20-34. Read Abstract or Download Paper

"A Laboratory Study of Duopoly Price Competition with Patient Buyers" (with Shakun Mago), Economic Inquiry 51 (2013), pp. 1123-1141. Read Abstract or Download Paper

"Communication and Efficiency in Competitive Coordination Games" (with Roman Sheremeta and Jingjing Zhang), Games and Economic Behavior, 76 (2012), pp. 26-43. Read Abstract or Download Paper

"Behavioral Spillovers in Coordination Games" (with Anya Savikhin and Roman Sheremeta), European Economic Review 56 (2012), pp. 233-245. Read Abstract or Download Paper

"Moral Hazard and Peer Monitoring in a Laboratory Microfinance Experiment" (with Lata Gangadharan and Pushkar Maitra). Journal of Economic Behavior and Organization, 82 (2012), pp. 192-209. Read Abstract or Download Paper

"Can Affirmative Motivations Improve Compliance in Emissions Trading Programs?" (with Leigh Raymond), Policy Studies Journal 39 (2011), pp. 659-678. Read Abstract or Download Paper

"Spite and Reciprocity in Auctions" (with Naoko Nishimura, Tatsuyoshi Saijo and Yoshikazu Ikeda), Games 2 (2011), pp. 365-411. Read Abstract or Download Paper

"An Experimental Study of Information Revelation Policies in Sequential Auctions" (with Karthik Kannan and Ralph Siebert), Management Science 57 (2011), pp. 667-688. Read Abstract or Download Paper

"Price Discovery and Intermediation in Linked Emissions Trading Markets: A Laboratory Study" (with Lata Gangadharan), Ecological Economics 70 (2011), pp. 1424-1433. Read Abstract or Download Paper

"Can Real-Effort Investments Inhibit the Convergence of Experimental Markets?" (with Lata Gangadharan and Nikos Nikiforakis), International Journal of Industrial Organization 29 (2011), pp. 97-103. Read Abstract or Download Paper or Experiment Instructions

"Testing the TASP: An Experimental Investigation of Learning in Games with Unstable Equilibria" (with Ed Hopkins and Dan Friedman), Journal of Economic Theory 145 (2010), pp. 2309-2331. Read Abstract or Download Paper

"Entry into Winner-Take-All and Proportional-Prize Contests: An Experimental Study" (with Roman Sheremeta and William Masters), Journal of Public Economics 94 (2010), pp. 604-611. Read Abstract or Download Paper

"Costly Buyer Search in Laboratory Markets with Seller Advertising" (with Shakun Mago), Journal of Industrial Economics 58 (2010), pp. 424-449. Read Abstract or Download Paper

"What Can Laboratory Experiments Teach Us About Emissions Permit Market Design?" Agricultural and Resource Economics Review 39 (2010), pp. 151-161. Download Paper

"Indirect Punishment and Generosity towards Strangers" (with Aljaž Ule, Arthur Schram, and Arno Riedl), Science 326 (2009), pp. 1701-1704. Read Abstract or Read Full Text

"The Strategy Method Lowers Measured Trustworthy Behavior" (with Marco Casari), Economics Letters 103 (2009), pp. 157-159. Download Paper

"Recommended Play and Correlated Equilibria: An Experimental Study" (with Tridib Sharma), Economic Theory 33 (2007), pp. 11-27. Read Abstract or Download Paper (please click here for the experiment instructions)

"Communication and Coordination in the Collective Resistance Game" (with Vai-Lam Mui), Experimental Economics 10 (special issue edited by J. Kagel and J. van Huyck) (2007), pp. 251-267. Read Abstract or Download Paper

"A Market with Frictions in the Matching Process: An Experimental Study" (with Charles Noussair), International Economic Review 48 (2007), pp. 665-691. Read Abstract or Download Paper

"Secure Implementation Experiments: Do Strategy-proof Mechanisms Really Work?" (with Tatsuyoshi Saijo, Tomas Sjöström and Takehiko Yamato), Games and Economic Behavior 57 (2006), pp. 206-235. Read Abstract or Download Paper

"An Experimental Study of Price Dispersion in an Optimal Search Model with Advertising" (with Shakun Datta), International Journal of Industrial Organization 24 (2006), pp. 639-665. Read Abstract or Download Paper

"An Experimental Study of Compliance and Leverage in Auditing and Regulatory Enforcement" (with Lata Gangadharan), Economic Inquiry 44 (2006), pp. 352-366. Read Abstract or  Download Paper

"Emissions Variability in Tradable Permit Markets with Imperfect Enforcement and Banking" (with Lata Gangadharan), Journal of Economic Behavior and Organization 61 (2006), pp. 199-216. Read Abstract or Download Paper

"Forced Information Disclosure and the Fallacy of Transparency in Markets" (with Charles Plott), Economic Inquiry 43 (2005), pp. 699-714. Read Abstract or Download Paper Click here to download raw data.

"Uncertainty and Resistance to Reform in Laboratory Participation Games" (with Vai-Lam Mui), European Journal of Political Economy 21 (2005), pp. 708-737. Read Abstract or  Download Paper

"A Laboratory Comparison of Uniform and Discriminative Price Auctions for Reducing Non-Point Source Pollution" (with Lata Gangadharan), Land Economics 81 (2005), pp. 51-70. Read Abstract or Download Paper

"The Dynamics of Price Dispersion, or Edgeworth Variations" (with Dan Friedman and Florian Wagener), Journal of Economic Dynamics and Control 29 (2005), pp. 801-822. Read Abstract or Download Paper

"Bounded Rationality in Laboratory Bargaining with Asymmetric Information" (with Stan Reynolds), Economic Theory 25 (2005), pp. 553-574. Read Abstract or Download Paper

"Auction Design for Voluntary Conservation Programs" (with Lata Gangadharan), American Journal of Agricultural Economics 86 (2004), pp. 1211-1217. Download Paper

"Non-Excludable Public Good Experiments" (with Tatsuyoshi Saijo, Takehiko Yamato and Konomu Yokotani), Games and Economic Behavior 49 (2004), pp. 81-102. Read Abstract or  Download Paper (or click here for the longer, 2002 version)

"Buyer Search and Price Dispersion: A Laboratory Study" (with Dan Friedman), Journal of Economic Theory 112 (2003), pp. 232-260. Read Abstract or Download Paper (or click here for the longer, July 2000 version)

"A Laboratory Study of Auctions for Reducing Non-Point Source Pollution" (with Lata Gangadharan and Charlotte Duke), Journal of Environmental Economics and Management 46 (2003), pp. 446-471. Read Abstract or Download Paper

"Market Power in Tradable Emission Markets: A Laboratory Testbed for Emission Trading in Port Phillip Bay, Victoria" (with Lata Gangadharan and Charlotte Duke), Ecological Economics 46 (2003), pp. 469-491. Read Abstract or Download Paper

"Testing Political Economy Models of Reform in the Laboratory" (with Vai-Lam Mui), American Economic Review 93 (Papers & Proceedings) (2003), pp. 208-212. Download Paper

"Buyer Liability and Voluntary Inspections in International Greenhouse Gas Emissions Trading: A Laboratory Study," Environmental and Resource Economics 25 (2003), pp. 101-127. Read Abstract or Download Paper (please click here for the experiment instructions)

"Transaction Costs in Tradable Permit Markets: An Experimental Study of Pollution Market Designs" (with Lata Gangadharan), Journal of Regulatory Economics 23 (2003), pp. 145-165. Read Abstract or Download Paper

"Bargaining versus Posted Price Competition in Customer Markets" (with Dan Friedman and Garrett Milam), International Journal of Industrial Organization 21 (2003), pp. 223-251. Read Abstract or Download Paper

"Voluntary Participation and Spite in Public Good Provision Experiments: An International Comparison" (with Tatsuyoshi Saijo and Takehiko Yamato), Experimental Economics 5 (2002), pp. 133-153. Read Abstract or Download Paper

"A Laboratory Study of Customer Markets" (with Dan Friedman), Advances in Economic Analysis & Policy (2002), Vol. 2: No. 1, Article 1. Read Abstract or Download Paper

"Fairness and Sharing in Innovation Games: A Laboratory Study" (with Vai-Lam Mui), Journal of Economic Behavior and Organization 48 (2002), pp. 243-264. Read Abstract or  Download Paper

"Environmental Labeling and Incomplete Consumer Information in Laboratory Markets" (with Lata Gangadharan), Journal of Environmental Economics and Management 43 (2002), pp. 113-134. Read Abstract or Download Paper

"To Spin or Not To Spin? Natural and Laboratory Experiments from The Price is Right" (with Rafael Tenorio), The Economic Journal 112 (2002), pp. 170-195. Read Abstract or Download Paper

"Durable Goods, Coasian Dynamics and Uncertainty: Theory and Experiments" (with Tridib Sharma), Journal of Political Economy 109 (2001), pp. 1311-1354. Read Abstract or Download Paper

"The Opportunity for Conspiracy in Asset Markets Organized with Dealer Intermediaries," Review of Financial Studies 13 (2000), pp. 385-416. Read Abstract or Download Paper

"Learning in a Laboratory Market with Random Supply and Demand" (with Dan Friedman), Experimental Economics 2 (1999), pp. 77-98. Read Abstract or Download Paper

"Do Community Characteristics Influence Environmental Outcomes? Evidence from the Toxics Release Inventory" (with Seema Arora), Southern Economic Journal 65 (1999), pp. 691-716. Read Abstract or Download Paper

"Uncertainty, Information Sharing and Tacit Collusion in Laboratory Duopoly Markets" (with Charles Mason), Economic Inquiry 37 (1999), pp. 258-281. Read Abstract or Download Paper

"A Laboratory Study of Voluntary Public Goods Provision with Imperfect Monitoring and Communication" (with Feisal Khan), Journal of Development Economics 58 (1999), pp. 533-552. Read Abstract or Download Paper

"Social Influence in the Sequential Dictator Game" (with Vai-Lam Mui), Journal of Mathematical Psychology 42 (1998), pp. 248-265. Read Abstract or Download Paper or Download Experiment Instructions

"An Experimental Study of Electronic Bulletin Board Trading for Emission Permits" (with Lata Gangadharan), Journal of Regulatory Economics 14 (1998), pp. 55-73. Read Abstract or  Download Paper

"A Laboratory Study of Group Polarization in the Team Dictator Game" (with Vai-Lam Mui), The Economic Journal 107 (1997), pp. 1465-1483. Read Abstract or Download Paper

"Price Formation in Single Call Markets" (with Dan Friedman), Econometrica 65 (1997), pp. 311-345. Read Abstract or Download Paper

"EPA's New Emissions Trading Mechanism: A Laboratory Evaluation" (with Charles Plott), Journal of Environmental Economics and Management 30 (1996), pp. 133-160.  Download Paper

"Why Do Firms Volunteer to Exceed Environmental Regulations? Understanding Participation in EPA's 33/50 Program" (with Seema Arora), Land Economics 72 (1996), pp. 413-432. Read Abstract or Download Paper

"Price Formation in Double Auction Markets" (with Dan Friedman), Journal of Economic Dynamics and Control 20 (1996), pp. 1307-1337 Download Paper.

"An Experimental Investigation of the Seller Incentives in EPA's Emission Trading Auction," American Economic Review 85 (1995), pp. 905-922 Download Paper

"Cheap Talk Price Signaling in Laboratory Markets," Information Economics and Policy 7 (1995), pp. 183-204.

"Price Communications in a Multi-Market Context: An Experimental Investigation" (with Doug Davis), Review of Industrial Organization 10 (1995), pp. 769-787.

"An Experiment in Voluntary Environmental Regulation: Participation in EPA's 33/50 Program" (with Seema Arora), Journal of Environmental Economics and Management 28 (1995), pp. 271-286. Download Paper

"The Impact of Information Sharing Opportunities on Market Outcomes: An Experimental Study," Southern Economic Journal 61 (1994), pp. 18-39. Download Paper

"The Strategic Value of Asymmetric Information Access for Cournot Competitors," Information Economics and Policy 6 (1994), pp. 3-24.

"Seller Incentive Properties of EPA's Emission Trading Auction," Journal of Environmental Economics and Management 25 (1993), pp. 177-195. Download Paper

"Call Market Efficiency with Simple Adaptive Learning," Economics Letters 40 (1992), pp. 27-32. Download Paper

"Agricultural Production's Impact on Water and Energy Demand: A Choice Modeling Approach" (with Robert Uhlaner), Resources and Energy 13 (1991), pp. 307-321. Download Paper

"Competitive Equilibrium Convergence in a Posted-Offer Market with Extreme Earnings Inequities" (with Arlington Williams), Journal of Economic Behavior and Organization 14 (1990), pp. 331-352. Download Paper

B. Books

Advances in Experimental Markets (2001), edited by Timothy Cason and Charles Noussair (Berlin: Springer-Verlag). Link to Springer for more information (and to purchase).

C. Chapters in Books

"Framing Effects in an Emissions Trading Experiment with Voluntary Compliance" (with Leigh Raymond), in R.M. Isaac and D.A. Norton (eds.), Research in Experimental Economics, vol. 14 (2011), (Bingley, UK: Emerald Group Publishing), pp. 77-114. Download Paper

"Price Signaling and 'Cheap Talk' in Laboratory Markets," in C. Plott and V. Smith (eds.), The Handbook of Experimental Economic Results (2008), (Amsterdam: North-Holland), pp. 164-169. Download Paper

"Trading Institutions and Emission Allowances," in C. Plott and V. Smith (eds.), The Handbook of Experimental Economic Results (2008), (Amsterdam: North-Holland), pp. 661-668. Download Paper

"A Comparison of Market Institutions" (with Dan Friedman), in C. Plott and V. Smith (eds.), The Handbook of Experimental Economic Results (2008), (Amsterdam: North-Holland), pp. 264-272. Download Paper

"A Test Bed Experiment for Water and Salinity Rights Trading in Irrigation Regions of the Murray Darling Basin, Australia" (with Charlotte Duke and Lata Gangadharan), in T. Cherry, S. Kroll and J. Shogren (eds.), Experimental Methods, Environmental Economics (2008), (London: Routlege), pp. 77-99. Read Abstract

"Customer Search and Market Power: Some Laboratory Evidence" (with Dan Friedman), in M. Baye (ed.), Advances in Applied Microeconomics, vol. 8 (1999), (Stamford, CT: JAI Press), pp. 71-99. Read Abstract or Download Paper

"Price Formation and Exchange in Thin Markets: A Laboratory Comparison of Institutions" (with Dan Friedman), in P. Howitt, E. de Antoni and A. Leijonhufvud (eds.), Money, Markets and Method: Essays in Honour of Robert W. Clower (1999), (Cheltenham, UK: Edward Elgar), pp. 155-179. Read Abstract or Download Paper

"A Voluntary Approach to Environmental Regulation: The 33/50 Program" (with Seema Arora), in W. Oates (ed.), The RFF Reader in Environmental and Resource Management (1999), (Washington, DC: Resources for the Future), pp. 97-103.

"Speculation in Experimental Markets for Emission Permits" (with Steven Elliott and Mark Van Boening), in C. Holt and R. M. Isaac (eds.), Research in Experimental Economics, vol. 7 (1999), (Stamford, CT: JAI Press), pp. 93-119.

"An Empirical Analysis of Price Formation in Double Auction Markets" (with Dan Friedman), in D. Friedman and J. Rust (eds.), The Double Auction Market: Institutions, Theories and Evidence (1993), (Reading, MA: Addison-Wesley), pp. 253-283.

D. Other Publications

"Experimental Markets: Introduction" (with Charles Noussair), Economic Theory 16 (2000), pp. 503-509.

(Book Review) The Alternating Double Auction Market: A Game Theoretic and Experimental Investigation, by Abdolkarim Sadrieh (Springer-Verlag), in the Journal of Economics 71 (2000), pp. 84-86.


WORK IN PROGRESS:

"Winner-Take-All and Proportional-Prize Contests: Theory and Experimental Results" (with Roman Sheremeta and William Masters). Read Abstract or Download Paper

"Rich Communication, Social Motivations, and Coordinated Resistance against Divide-and-Conquer: A Laboratory Investigation" (with Vai-Lam Mui). Read Abstract or Download Paper or Download Supplementary Appendices

"Common Value Auctions with Voluntary and Qualified Entry" (with Marco Casari). Read Abstract or Download Paper

"Identity and Cooperation in the Inter-Group Prisoner's Dilemma" (with Paul Lau and Vai-Lam Mui). Read Abstract or Download Paper

"Visual Representation and Observational Learning in Asset Market Bubbles" (with Anya Savikhin Samek). Read Abstract or Download Paper

"Individual versus Group Play in the Repeated Coordinated Resistance Game" (with Vai-Lam Mui). Read Abstract or Download Paper

"Regulatory Performance of Audit Tournaments and Compliance Observability" (with Lana Friesen and Lata Gangadharan). Read Abstract or Download Paper


AWARDS, GRANTS AND FELLOWSHIPS:

2012-2015: Hong Kong Research Grants Council Grant (Purdue, Monash and Hong Kong Universities)
2011: Economic Theory Fellow (Society for the Advancement of Economic Theory)
2009-2013: National Science Foundation Grant (Purdue University)
2008-2011: Environmental Protection Agency Grant--National Center for Environmental Research (Purdue University)
2007-2009: Krannert Faculty Fellow (Purdue University)
2007: Discovery Park Center for the Environment Grant (Purdue University)
2006-2007: Australian Research Council Discovery Grant (Purdue University and Monash University)
2005-2007: National Science Foundation Grant (Purdue University)
2006: Best Article Award, Economic Inquiry
2004: Fulbright Commission Senior Scholar Grant (Charles University CERGE-EI, Prague)
2003-2005: Krannert Faculty Fellow (Purdue University)
2002-2004: Environmental Protection Agency Grant--National Center for Environmental Research (Purdue University)
2001-2005: University Faculty Scholar (Purdue University)
2000: Visiting Research Scholar Grant (University of Melbourne)
1997-2000: National Science Foundation Grant (University of Southern California, Purdue University)
1999: Center for International Business Education and Research Grant (Purdue Univ.)
1998-1999: C.O.N.A.C.y T. (Mexican NSF) Grant (Purdue University)
1996-1997: Haynes Foundation Faculty Fellowship (University of Southern California)
1996: Southern California Studies Center Fellowship (University of Southern California)
1994-1995: U.S. Department of Energy Grant (University of Southern California)
1993-1996: National Science Foundation Grant (University of Southern California)
1992-1993: Zumberge Research Innovation Fund Grant (University of Southern California)
1992-1993: Haynes Foundation Faculty Fellowship (University of Southern California)
1989-1990: Departmental Fellowship (University of California)
1989-1990: Institute for Business and Economic Research Grant (University of California)
1989: Visiting Predoctoral Fellowship ( University of Arizona Economic Science Lab)
1986-1987: University Fellowship (University of California)


PROFESSIONAL AFFILIATIONS AND SERVICE:

Editor (2004-2009) Editorial Board (1998-2004, 2010 - ), Experimental Economics
Co-Editor, Journal of Public Economics (2012 - )
Advisory Editor, Games and Economic Behavior (2009 - )
Associate Editor, Management Science (2010-2011), special issue on Behavioral Economics and Finance
Associate Editor, Journal of Economic Behavior and Organization (1998-2009)
Editorial Council, Journal of Environmental Economics and Management (1996-2008)
Economics Review Panel, U.S. National Science Foundation (2005, 2009-2011)
Symposium Co-Editor, Economic Theory (2000)

President (2009-2011), Economic Science Association (the international association of experimental economists)
Member, American Economic Association, Econometric Society.

INVITED SEMINARS:

University of Amsterdam, University of Alaska, University of Arizona, University of Auckland, Baylor University, University of Bologna, Bowdoin College, Brigham Young University, University of California-Berkeley, University of California-Irvine, UCLA, University of California-San Diego, University of California-Santa Barbara, University of Canterbury, Charles University (Prague), Chapman University, University of Cincinnati, University of Copenhagen, University of Delaware, Universidad del CEMA (Buenos Aires), DePaul University, University of East Anglia, University of Edinburgh, Emory University, Environmental Protection Agency, University of Exeter, Federal Trade Commission, George Mason University, Georgia State University, University of Guelph, Harvard University, University of Hawaii, University of Houston, Indiana University, University of Innsbruck, Instituto Tecnológico Autónomo de México, University of Iowa, IUPUI, Lakehead University, University of Magdeburg, University of Maryland, University of Massachusetts-Amherst, Max Planck Institute (Jena), McGill University, McMaster University, University of Melbourne, Michigan State University, University of Michigan, Middlebury College, University of Mississippi, Monash University, University of Munich, University of New South Wales, New York University, Northwestern University, University of Notre Dame, University of Nottingham, Ohio State University, Osaka University, University of Otago, University of Paris I, Penn State University, University of Pittsburgh, Purdue University, University of Queensland, Resources for the Future, Rice University, University of Richmond, Royal Holloway-University of London, Université Lumiére (Lyon 2), University of South Carolina, University of Southern California, Southern Methodist University, University of Stirling, University of Sydney, Sydney Futures Exchange, University of Tasmania, University of Technology (Sydney), University of Tennessee, Texas A&M University, University of Texas, Tilburg University, Tinbergen Institute (Amsterdam), University of Tsukuba, Vanderbilt University, Victoria Dept. of Nat. Resources & Environment, Victoria University (Wellington), Virginia Commonwealth University, University of Waikato, University of Washington, University of Wisconsin, University of Wyoming, Washington University (St. Louis), Western Michigan University, Wissenschaftszentrum Berlin (WZB), University of Zurich
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