The only difference among the three Smith and Plott experiments is the

Name: The only difference among the three Smith and Plott experiments is the
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The only difference among the three experiments is the market institution used. The first experiment used a double auction, the second used a posted offer market, and the third used a sealed bid market. Both the induced demand curves and induced supply curves were the same in all three experiments.

The Only Difference Among the Three Smith and Plott Experiments