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 Tim Cason - Professor of Economics

(Last updated in May of 2008)


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:

Professor, Purdue University, August 2000-Present
Director, Vernon Smith Experimental Economics Laboratory
Associate Professor, Purdue University, August 1998-August 2000
Associate Professor, University of Southern California, May 1997-August 1998
Assistant Professor, University of Southern California, September 1991-May 1997
Visiting Scholar, Center for Research in Experimental Economics and Political Decision-Making, University of Amsterdam, Fall 2004
Visiting Associate, California Institute of Technology, Fall 1997
Project Manager, Quantum Consulting Inc., July 1987-August 1991
Research Assistant, University of Arizona, January 1989-May 1989
Teaching Assistant, UC Berkeley and IU Bloomington, August 1985-August 1987


PUBLICATIONS:

A. Journals

"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. (PDF File:) 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 (PDF File:) 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 (PDF File:) 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 (PDF File:) 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 (PDF File:) 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

"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 (PDF File:) Download Paper

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

"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 (PDF File:) 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 (PDF File:) Download Paper

"Price Signaling and 'Cheap Talk' in Laboratory Markets," in C. Plott and V. Smith (eds.), The Handbook of Experimental Economic Results, (Amsterdam: Elsevier Press).

"Trading Institutions and Emission Allowances," in C. Plott and V. Smith (eds.), The Handbook of Experimental Economic Results, (Amsterdam: Elsevier Press).

"A Comparison of Market Institutions" (with Dan Friedman), in C. Plott and V. Smith (eds.), The Handbook of Experimental Economic Results, (Amsterdam: Elsevier Press).

"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:

"Costly Buyer Search in Laboratory Markets with Seller Advertising" (with Shakun Datta). Read Abstract or Download Paper

"Moral Hazard and Peer Monitoring in a Laboratory Microfinance Experiment" (with Lata Gangadharan and Pushkar Maitra). Read Abstract or Download Paper

"Spite and Counter-Spite in Auctions" (with Naoko Nishimura, Tatsuyoshi Saijo and Yoshikazu Ikeda). Read Abstract or Download Paper

"Explicit versus Implicit Contracts for Dividing the Benefits of Cooperation" (with Marco Casari). Read Abstract or Download Paper

"The Strategy Method Biases Measured Trustworthy Behavior" (with Marco Casari). Download Paper

"Coordinating Collective Resistance through Communication and Repeated Interaction" (with Vai-Lam Mui). Read Abstract or Download Paper

"Contests with Random Noise and a Shared Prize" (with Roman Sheremeta and William Masters). Read Abstract or Download Paper

"Testing the TASP: An Experimental Investigation of Learning in Games with Unstable Equilibria" (with Ed Hopkins and Dan Friedman).

"Indirect Punishment Promotes the Fitness of Human Cooperation" (with Arno Riedl, Arthur Schram and Aljaz Ule).


AWARDS, GRANTS AND FELLOWSHIPS:

2008-2011: Environmental Protection Agency Grant--National Center for Environmental Research (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:

Editor (2004 - ) Editorial Board (1998-2004), Experimental Economics
Associate Editor, Journal of Economic Behavior and Organization
Editorial Council, Journal of Environmental Economics and Management
Executive committee (President-Elect), Economic Science Association
Member, American Economic Association, Econometric Society.

INVITED SEMINARS:

University of Amsterdam, University of Arizona, Baylor University, Bowdoin College, University of California-Berkeley, University of California-Irvine, UCLA, University of California-San Diego, University of California-Santa Barbara, Charles University (Prague), 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, Federal Trade Commission, George Mason University, Georgia State University, Harvard University, University of Houston, Indiana University, IUPUI, Instituto Tecnológico Autónomo de México, University of Iowa, Lakehead University, Maastricht University, University of Magdeburg, University of Maryland, Max Planck Institute (Jena), McMaster University, University of Melbourne, Michigan State University, University of Michigan, Middlebury College, University of Mississippi, Monash University, University of New South Wales, New York University, Northwestern University, University of Notre Dame, University of  Nottingham, Ohio State University, Osaka University, Penn State University, Purdue University, Resources for the Future, Rice University, University of Richmond, Royal Holloway-University of London, University of South Carolina, University of Southern California, University of Sydney, Sydney Futures Exchange, Texas A&M University, Tilburg University, Tinbergen Institute (Amsterdam), University of Tsukuba, Victoria Dept. of Nat. Resources & Environment, University of Washington, University of Wyoming, Vanderbilt University, Virginia Commonwealth University, Washington University (St. Louis), Western Michigan University, Wissenschaftszentrum Berlin (WZB)
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