(Last updated in May of 2013)
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EDUCATION:
Ph.D.-
University of
California, Berkeley, 1991
B.A.-
Indiana University,
Bloomington, 1986
FIELDS OF INTEREST:
Industrial Organization
Experimental Economics
Environmental 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
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
"Learning, Teaching, and Turn Taking in the Repeated
Assignment Game" (with Sau-Him Paul Lau and Vai-Lam Mui), Economic Theory, forthcoming.
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or Download Paper
"Cooperation Spillovers and Price Competition in
Experimental Markets" (with Lata Gangadharan), Economic Inquiry, forthcoming.
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"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.
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or Download Paper
"A Laboratory Study of Duopoly Price Competition with
Patient Buyers" (with Shakun Mago), Economic
Inquiry 51 (2013), pp. 1123-1141.
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"Communication and Efficiency in Competitive Coordination
Games" (with Roman Sheremeta and Jingjing Zhang), Games and Economic Behavior, 76 (2012), pp. 26-43.
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or Download Paper
"Behavioral Spillovers in Coordination Games" (with Anya
Savikhin and Roman Sheremeta), European Economic Review 56 (2012),
pp. 233-245.
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or
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"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
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"Can Affirmative Motivations Improve Compliance in
Emissions Trading Programs?" (with Leigh Raymond),
Policy Studies Journal 39 (2011), pp. 659-678.
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or Download
Paper
"Spite and Reciprocity in Auctions" (with Naoko
Nishimura, Tatsuyoshi Saijo and Yoshikazu Ikeda), Games
2 (2011), pp. 365-411.
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or
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"An Experimental Study of Information Revelation Policies
in Sequential Auctions" (with Karthik Kannan and Ralph
Siebert),
Management Science 57 (2011), pp. 667-688.
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or
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"Price Discovery and Intermediation in Linked Emissions
Trading Markets: A Laboratory Study" (with Lata
Gangadharan), Ecological Economics 70 (2011), pp.
1424-1433.
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"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
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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
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"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.
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or
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"Costly Buyer Search in Laboratory Markets with Seller
Advertising" (with Shakun Mago), Journal of Industrial
Economics
58 (2010), pp. 424-449.
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or
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"What Can Laboratory Experiments Teach Us About Emissions
Permit Market Design?" Agricultural and Resource
Economics Review 39 (2010), pp. 151-161.
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"Indirect Punishment and Generosity towards Strangers"
(with Aljaž Ule, Arthur Schram, and Arno Riedl),
Science 326 (2009), pp. 1701-1704.
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Read Full Text
"The Strategy Method Lowers Measured Trustworthy
Behavior" (with Marco Casari), Economics Letters
103 (2009), pp. 157-159.
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"Recommended Play and Correlated Equilibria: An
Experimental Study" (with Tridib Sharma), Economic Theory
33 (2007), pp. 11-27.
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or
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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.
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or
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"A Market with Frictions in the Matching Process: An
Experimental Study" (with Charles Noussair),
International Economic Review
48 (2007), pp. 665-691.
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or
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"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.
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or
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"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.
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or
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"An Experimental Study of Compliance and Leverage in
Auditing and Regulatory Enforcement" (with Lata
Gangadharan), Economic Inquiry 44 (2006), pp.
352-366.
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or
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"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.
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or
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"Forced Information Disclosure and the Fallacy of
Transparency in Markets" (with Charles Plott), Economic
Inquiry
43 (2005), pp. 699-714.
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or
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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.
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or
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"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.
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or
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"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
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"Bounded Rationality in Laboratory Bargaining with
Asymmetric Information" (with Stan Reynolds),
Economic Theory
25 (2005), pp. 553-574.
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or
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"Auction Design for Voluntary Conservation Programs"
(with Lata Gangadharan), American Journal of
Agricultural Economics 86 (2004), pp. 1211-1217.
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"Non-Excludable Public Good Experiments" (with
Tatsuyoshi Saijo, Takehiko Yamato and Konomu Yokotani),
Games and Economic Behavior
49 (2004), pp. 81-102.
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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.
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or
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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.
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or
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"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
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"Testing Political Economy Models of Reform in the
Laboratory" (with Vai-Lam Mui), American Economic
Review
93 (Papers & Proceedings) (2003), pp. 208-212.
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"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
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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
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"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
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"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.
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or
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"A Laboratory Study of Customer Markets" (with Dan
Friedman), Advances in Economic Analysis & Policy
(2002), Vol. 2: No. 1, Article 1.
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or
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"Fairness and Sharing in Innovation Games: A
Laboratory Study" (with Vai-Lam Mui), Journal of
Economic Behavior and Organization 48 (2002), pp.
243-264.
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or
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"Environmental Labeling and Incomplete Consumer
Information in Laboratory Markets" (with Lata
Gangadharan),
Journal of Environmental Economics and Management
43 (2002), pp. 113-134.
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or
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"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.
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or
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"Durable Goods, Coasian Dynamics and Uncertainty:
Theory and Experiments" (with Tridib Sharma),
Journal of Political Economy 109 (2001), pp.
1311-1354.
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or
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"The Opportunity for Conspiracy in Asset Markets
Organized with Dealer Intermediaries," Review of
Financial Studies 13 (2000), pp. 385-416.
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or
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"Learning in a Laboratory Market with Random Supply
and Demand" (with Dan Friedman), Experimental
Economics
2 (1999), pp. 77-98.
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or
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"Do Community Characteristics Influence Environmental
Outcomes? Evidence from the Toxics Release Inventory"
(with Seema Arora), Southern Economic Journal
65 (1999), pp. 691-716.
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or
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"Uncertainty, Information Sharing and Tacit Collusion
in Laboratory Duopoly Markets" (with Charles Mason),
Economic Inquiry 37 (1999), pp. 258-281.
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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.
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or
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"Social Influence in the Sequential Dictator Game"
(with Vai-Lam Mui), Journal of Mathematical
Psychology
42 (1998), pp. 248-265.
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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.
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"A Laboratory Study of Group Polarization in the Team
Dictator Game" (with Vai-Lam Mui), The Economic
Journal 107 (1997), pp. 1465-1483.
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"Price Formation in Single Call Markets" (with Dan
Friedman),
Econometrica 65 (1997), pp. 311-345.
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or
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"EPA's New Emissions Trading Mechanism: A Laboratory
Evaluation" (with Charles Plott), Journal of
Environmental Economics and Management 30 (1996),
pp. 133-160.
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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.
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or
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"Price Formation in Double Auction Markets" (with Dan
Friedman), Journal of Economic Dynamics and Control
20 (1996), pp. 1307-1337
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"An Experimental Investigation of the Seller
Incentives in EPA's Emission Trading Auction,"
American Economic Review 85 (1995), pp. 905-922
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"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.
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"The Impact of Information Sharing Opportunities on
Market Outcomes: An Experimental Study," Southern
Economic Journal 61 (1994), pp. 18-39.
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"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.
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"Call Market Efficiency with Simple Adaptive
Learning,"
Economics Letters 40 (1992), pp. 27-32.
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"Agricultural Production's Impact on Water and Energy
Demand: A Choice Modeling Approach" (with Robert Uhlaner),
Resources and Energy 13 (1991), pp. 307-321.
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"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.
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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.
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"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.
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"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.
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"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.
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"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.
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"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.
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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.
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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:
"Coordinating Collective Resistance through Communication
and Repeated Interaction" (with Vai-Lam Mui).
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or Download Paper
or Download Supplementary
Appendices
"Winner-Take-All and Proportional-Prize Contests: Theory and Experimental Results" (with
Roman Sheremeta and William Masters).
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or Download Paper
"Rich Communication, Social Preferences, and Coordinated Resistance against
Divide-and-Conquer: A Laboratory Investigation" (with
Vai-Lam Mui). Read Abstract
or Download Paper
"Common Value Auctions with Voluntary and Qualified Entry" (with
Marco Casari). Read Abstract
or Download Paper
"An Experimental Investigation of Hard and Soft Price Ceilings in Emissions Permit Markets" (with
David Perkis and Wallace Tyner). Read Abstract
or Download Paper
"Promoting Cooperation in Nonlinear Social Dilemmas through Peer Punishment" (with
Lata Gangadharan). 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). Read Abstract
or Download Paper
"Misconceptions and Game Form Recognition of the BDM Method: Challenges to Theories of Revealed Preference and Framing" (with
Charles Plott). Read Abstract
or Download Paper
"Swords without Covenants Do Not Lead to Self-Governance" (with
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)
2009-2012: 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, 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, Emory University, Environmental Protection Agency, University of Exeter, Federal Trade Commission, George Mason University, Georgia State University, 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 Sydney, Sydney Futures Exchange, University of Tasmania, 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 Washington, University of Wyoming, Washington University (St. Louis), Western Michigan University, Wissenschaftszentrum Berlin (WZB), University of Zurich
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