Table 1 - uploaded by Rick Wilson
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Sample Record Sheet for Group B Subjects.

Sample Record Sheet for Group B Subjects.

Source publication
Article
Full-text available
The authors detail an urban economics experiment that is easily run in the classroom. The experiment has a flexible design that allows the instructor to explore how congestion, zoning, public transportation, and taxation levels determine the bid-rent function. Heterogeneous agents in the experiment compete for land use utilizing a simple auction me...

Contexts in source publication

Context 1
... in period 1, a subject purchases a card with a value of 4 for a price of 20, then their record sheet would look like that given in Table 1. Total costs are calculated by multiplying the value on the card bought, 4, by the cost per unit, 20. ...
Context 2
... Table 1 about here] 4. Once everyone understands the process, there are three primary points that need to be repeated: The first is that everyone can only buy once in each period. The second is that participants should attempt to generate the largest rent possible. ...
Context 3
... Record Sheet -Group A 1 80 5 2 80 5 3 80 5 ...
Context 4
... Record Sheet -Group B 1 120 20 2 120 20 3 120 20 ...
Context 5
... If you do not purchase a card, then your earnings for that period are automatically $0. 1 120 4 20 20 20 120 0 2 120 20 20 3 120 20 20 Table 3. Sample endowments and transportation costs for two groups. ...

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