Computer Testbeds: The Dynamics of Groves-Ledyard Mechanisms
RePEc: Research Papers in EconomicsPublished 1 August 2003
John O. Ledyard, Jasmina Arifovic
Citations12
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TL;DR
A behavioral model is developed as a a computer testbed to study the probable performance of a wide range of mechanisms prior to testing them in a laboratory or using them in practice and suggests there are values of the free parameter that result in the fastest convergence.
Abstract
computer testbed, learning, experiments with human subjects, public goods
Keywords
Social SciencesDecision Sciences
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