An Experimental Examination of Two Exchange Institutions...

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An Experimental Examination of Two Exchange Institutions Charles R. Plott; Vernon L. Smith The Review of Economic Studies, Vol. 45, No. 1. (Feb., 1978), pp. 133-153. Stable URL: http://links.jstor.org/sici?sici=0034-6527%28197802%2945%3A1%3C133%3AAEEOTE%3E2.0.CO%3B2-6 The Review of Economic Studies is currently published by The Review of Economic Studies Ltd.. Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http://www.jstor.org/journals/resl.html. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. For more information regarding JSTOR, please contact [email protected]. http://www.jstor.org Tue Feb 6 07:16:54 2007

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An Experimental Examination of Two Exchange Institutions

Charles R. Plott; Vernon L. Smith

The Review of Economic Studies, Vol. 45, No. 1. (Feb., 1978), pp. 133-153.

Stable URL:

http://links.jstor.org/sici?sici=0034-6527%28197802%2945%3A1%3C133%3AAEEOTE%3E2.0.CO%3B2-6

The Review of Economic Studies is currently published by The Review of Economic Studies Ltd..

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available athttp://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtainedprior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content inthe JSTOR archive only for your personal, non-commercial use.

Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained athttp://www.jstor.org/journals/resl.html.

Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printedpage of such transmission.

JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. Formore information regarding JSTOR, please contact [email protected].

http://www.jstor.orgTue Feb 6 07:16:54 2007

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You have printed the following article:

An Experimental Examination of Two Exchange InstitutionsCharles R. Plott; Vernon L. SmithThe Review of Economic Studies, Vol. 45, No. 1. (Feb., 1978), pp. 133-153.Stable URL:

http://links.jstor.org/sici?sici=0034-6527%28197802%2945%3A1%3C133%3AAEEOTE%3E2.0.CO%3B2-6

This article references the following linked citations. If you are trying to access articles from anoff-campus location, you may be required to first logon via your library web site to access JSTOR. Pleasevisit your library's website or contact a librarian to learn about options for remote access to JSTOR.

References

2 Experimental Evidence on Price Formation in Competitive MarketsAlan C. HessThe Journal of Political Economy, Vol. 80, No. 2. (Mar. - Apr., 1972), pp. 375-385.Stable URL:

http://links.jstor.org/sici?sici=0022-3808%28197203%2F04%2980%3A2%3C375%3AEEOPFI%3E2.0.CO%3B2-E

3 The Design of Mechanisms for Resource AllocationLeonid HurwiczThe American Economic Review, Vol. 63, No. 2, Papers and Proceedings of the Eighty-fifth AnnualMeeting of the American Economic Association. (May, 1973), pp. 1-30.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28197305%2963%3A2%3C1%3ATDOMFR%3E2.0.CO%3B2-4

4 Models of Market Organization with Imperfect Information: A SurveyMichael RothschildThe Journal of Political Economy, Vol. 81, No. 6. (Nov. - Dec., 1973), pp. 1283-1308.Stable URL:

http://links.jstor.org/sici?sici=0022-3808%28197311%2F12%2981%3A6%3C1283%3AMOMOWI%3E2.0.CO%3B2-E

5 An Experimental Study of Competitive Market BehaviorVernon L. SmithThe Journal of Political Economy, Vol. 70, No. 2. (Apr., 1962), pp. 111-137.Stable URL:

http://links.jstor.org/sici?sici=0022-3808%28196204%2970%3A2%3C111%3AAESOCM%3E2.0.CO%3B2-J

http://www.jstor.org

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7 Experimental Studies of Discrimination Versus Competition in Sealed-Bid Auction MarketsVernon L. SmithThe Journal of Business, Vol. 40, No. 1. (Jan., 1967), pp. 56-84.Stable URL:

http://links.jstor.org/sici?sici=0021-9398%28196701%2940%3A1%3C56%3AESODVC%3E2.0.CO%3B2-8

8 Experimental Economics: Induced Value TheoryVernon L. SmithThe American Economic Review, Vol. 66, No. 2, Papers and Proceedings of the Eighty-eighthAnnual Meeting of the American Economic Association. (May, 1976), pp. 274-279.Stable URL:

http://links.jstor.org/sici?sici=0002-8282%28197605%2966%3A2%3C274%3AEEIVT%3E2.0.CO%3B2-1

9 The Effect of Market Organization on Competitive Equilibrium: the Multi-unit CaseFred E. WilliamsThe Review of Economic Studies, Vol. 40, No. 1. (Jan., 1973), pp. 97-113.Stable URL:

http://links.jstor.org/sici?sici=0034-6527%28197301%2940%3A1%3C97%3ATEOMOO%3E2.0.CO%3B2-5

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