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Double-oral Auction Activity

steven_huang
Macmillan Employee
Macmillan Employee
0 0 224

Double-oral auction

(experiment)

The grand-daddy of economics experiments! Students are assigned roles as buyers and sellers, and trade in a simulated market.

    • There are many, many variations of this activity (see, for example, here or here). Extensions can include shifting supply or demand, imposing price controls, taxes, or trade barriers.
    • For very large classes, this activity may be best done using online tools, such as Veconlab or Moblab