Bargaining and Market Behavior in Jerusalem, Ljubljana, Pittsburgh, and Tokyo: An Experimental Study
For the submission, please
1. Explain the research question and the purpose of the experiment;
2. Discuss the theoretical predictions;
3. Discuss experimental setup. What were the issues that the authors had to overcome? Relate this to the discussion in chapters 2 and 3 of the textbook;
4. Discuss conclusion;
5. Provide critical analysis of the experiment. What could the authors have done differently? Some literature search on the subject of Double Auctions may be useful here. However, please make sure you reference any academic sources. Do not copy and paste from the paper. Instead, please paraphrase.
The paper disucussion should be at most 500 words long.