ERIC Number: EJ673860
Record Type: CIJE
Publication Date: 2003
Reference Count: 0
Competitive Equilibrium and Classroom Pit Markets.
Ruffle, Bradley J.
Journal of Economic Education, v34 n2 p123-37 Spr 2003
Describes a pit-market experiment using the work of Charles A. Holt to illustrate to students the real world relevance of the competitive equilibrium concept. Explains how to set up and conduct a pit-market experiment, discusses features of the data, and provides accompanying materials. (JEH)
Publication Type: Guides - Non-Classroom; Journal Articles; Reports - Descriptive
Education Level: N/A
Authoring Institution: N/A
Note: The Journal of Economic Education is a peer reviewed journal.