This report portrays the results of experimental research on dynamic duopoly markets with demand inertia. Two methods of experimentation are studied: game-playi

The alternating double auction market institution is presented as a discrete time version of the open outcry market. The game in extensive form is analyzed in a

Nonlinear Labor Market Dynamics discusses adjustment processes in labor markets. Contrary to linear-stochastic approaches this book is based on a non-linear det

This book is a collection of essays which examine how the properties of aggregate variables are influenced by the actions and interactions of heterogenous indiv

In a complex and uncertain world, humans and animals make decisions under the constraints of limited knowledge, resources, and time. Yet models of rational deci