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Volumes II and III of Experimental Business Research include original papers that were presented at the Second Asian Conference on Experimental Business Research held at the Hong Kong University of Science and Technology (HKUST) on December 16-19, 2003. The conference was organized by the Center for Experimental Business Research (cEBR) at HKUST and was chaired by Professors Amnon Rapoport and Rami Zwick.
Experimental Business Research adopts laboratory based experimental economics methods to study an array of business and policy issues spanning the entire business domain including accounting, economics, finance, information systems, marketing and management and policy.
"Experimental economics" is an established term that refers to the use of controlled laboratory-based procedures to test the implications of economic hypotheses and models and discover replicable patterns of economic behavior. We have coined the term "Experimental Business Research" in order to broaden the scope of "experimental economics" to encompass experimental finance, experimental accounting, and more generally the use of laboratory-based procedures to test hypotheses and models arising from research in other business related areas, including information systems, marketing and management and policy.
The chapters included in these volumes reflect the domain diversity of studies in the experimental business research field.
List of contents
Preface Chapter 1. Durable Goods Lease Contracts and Used-Goods Market Behavior: An Experimental Study, Kay-Yut Chen and Suzhou Huang
Chapter 2. Towards a Hybrid Model of Microeconomic and Financial Price Adjustment Processes: The Case of a Market with Continuously Refreshed Supply and Demand, Paul J Brewer
Chapter 3. Choosing a Model out of Many Possible Alternatives: Emissions Trading as an Example, Tatsuyoshi Saijo
Chapter 4. Internet Congestion: A Laboratory Experiment, Daniel Friedman and Bernardo Huberman
Chapter 5. Experimental Evidence on the Endogenous Entry of Bidders in Internet Auctions, David H. Reiley
Chapter 6. Hard and Soft Closes: A Field Experiment on Auction Closing Rules, Daniel Houser and John Wooders
Chapter 7. When Does an Incentive for Free Riding Promote Rational Bidding? James C. Cox and Stephen C. Hayne
Chapter 8. Bonus versus Penalty: Does Contract Frame Affect Employee Effort? R. Lynn Hannan, Vicky B. Hoffman and Donald V. Moser
Chapter 9. Managerial Incentives and Competition, Rachel Croson and Arie Schinnar
Chapter 10. Dynamic Stability of Nash-Efficient Public Goods Mechanisms: Reconciling Theory and Experiments, Yan Chen
Chapter 11. Entry Times in Queues with Endogenous Arrivals: Dynamics of Play on the Individual and Aggregate Levels, J. Neil Bearden, Amnon Rapoport and Darryl A. Seale
Chapter 12. Decision Making With Naïve Advice, Andrew Schotter Chapter 13. Failure of Bayesian Updating in Repeated Bilateral Bargaining , Lee Ching Chyi, Eythan Weg and Rami Zwick
Summary
Includes papers presented at the Second Asian Conference on Experimental Business Research held at the Hong Kong University of Science and Technology (HKUST) on December 16-19, 2003. This work adopts laboratory based experimental economics methods to study an array of business and policy issues spanning the entire business domain.
