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The MarketLink application currently supports continuous double
auction, posted offer auction, and posted bid auction experiments
that are conducted over the Internet. Two main types of market
environments are currently supported - a commodity market
and an asset market.
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- Commodity market - In commodity market experiments, each
commodity unit has a cost of production and a value in
consumption. These experiments are typically used to test
market structure models, including competitive, duopoly, and
monopoly markets.
- Asset market - In asset market experiments, traders begin
each period with both units of a currency and units of the
asset. The asset pays a dividend in each period, and traders
can either buy or sell the asset.
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This section provides two types of information. There are discussions of
each experiment type, and also instructions on the steps required to run
these experiments. If you aren't familiar with the MarketLink software,
you'll want to review the information below on Java Web Start and on
"Starting and Joining an Experiment Session," but if you are familiar
with MarketLink you can see all of the existing MarketLink experiments
here.
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The links below are to pages that briefly discuss each of the
MarketLink experiment configurations that have been prepared, and
each page includes a button that automatically includes a
configuration for the experiment in your profile.
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Install Java WebStart
In order to use the MarketLink software,
Java WebStart is required.
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Join a Session
To see a description of the steps that you need to follow to join an
experiment session that your instructor has prepared, click on the
"Join a Session" link below.
Start a Session
To see a description of the steps that you need to follow to start an
experiment session, click on the "Start a Session" link below.
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