Experimental Economics

Experiment

Our laboratory consists of 18 computer stations linked to a server. The server is linked to the university system so that additional computer laboratories can be included if the need should arise. Also, our server is able to connect worldwide.

What is the Experimental Economics Laboratory?

Experiment Economics - The application of replicable analyses designed to empirically test the predicitions of economic theories and identify various human behaviors. Also, a means of testing the impacts of various conditions yet to occur in the real world or lack sufficient secondary data to identify.

Laboratory Experiment - Examines controlled interventions into a well-defined strategic setting.

Contact Us

Lab Coordinator: Dr. Kalyn T. Coatney

Research

Research


Publications

  • Interis, M.G., C. Xu, D.R. Petrolia, and K.T. Coatney. “Examining Unconditional Preference Revelation in Choice Experiments: A Voting Game Approach.” Journal of Environmental Economics and Policy (accepted 2015).
  • Nagler, A.M., D.J. Menkhaus, C.T. Bastian, M.D. Ehmke, and K.T. Coatney, “Subsidy Incidence in Factor Markets: An Experimental Approach.” Journal of Agriculture and Applied Economics 45(2013):17-33.
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    Conducted at the University of Wyoming, Department of Agricultural Economics
  • Yang, R., K. Coble, and D. Hudson. “Using Experimental Economics to Evaluate Alternative Subjective Elicitation Procedures.” Applied Economics 43(2011):1729-1736.
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  • Coble, K.H. and J.L. Lusk. “At the Nexus of Risk and Time Preferences: An Experimental Investigation.” Journal of Risk and Uncertainty 41(2010):67–79.
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  • Shogren, J., G. Parkhurst, and D. Hudson. “Experimental Economics and the Environment: Eliciting Values for Controversial Goods.” Agricultural and Resource Economics Review 39(2010): 139-150.
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  • Lusk, J. and D. Hudson. “Bargaining Over Losses.” International Journal of Game Theory 12:83(2010).
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  • Nalley, L. and D. Hudson. “A Two-Step Auction in the Presence of Negative Values.” Journal of Food Distribution Research 40(2009): 47-56.
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  • Yang, Z., K. Coble, and D. Hudson. “The Role of Individual Personality Type in Subjective Risk Elicitation Outcomes.” Journal of Risk Research 12(2009):209-222.
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  • Lusk, J.L. and K.O. Coble. “Risk Aversion in the Presence of Background Risk: Evidence from the Lab” in Risk Aversion in Experiments. J.C. Cox and G.W. Harrison (eds). Research in Experimental Economics. Volume 12. Bingley, UK: Emerald, 2008.
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  • Herring, J., J. Martin, D. Hudson, R. Rogers, and L. Nalley. “Consumer Acceptance of ‘Farm-Raised’ Pre-Cooked Roast Beef.” Journal of Food Quality 30(2007): 403-412.
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  • Nalley, L., D. Hudson, and G. Parkhurst. "Consistency of Consumer Valuation Under Different Information Sets: An Experimental Auction with Sweet Potatoes." Journal of Food Distribution Research 37(2006): 56-67.
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  • Lusk, J.L. and K.O. Coble. “Risk Perceptions, Risk Preference, and Acceptance of Risky Food.” American Journal of Agricultural Economics 87(2005):393-405.
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  • Nalley, L., D. Hudson, and G. Parkhurst. "The Initial Endowment Effect in Experimental Auctions Revisited: Further Evidence." Applied Economics Letters 12(2005): 59-63.
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  • Hudson, D., K. Coble, and J. Lusk. "Consistency of Risk Aversion Measures: Results from Hypothetical and Non-Hypothetical Experiments." Agricultural Economics 33(2005): 41- 49.
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  • Lusk, J.L. and D. Hudson. “Effect of Monitor-Subject Cheap Talk on Ultimatum Game Offers.” Journal of Economic Behavior and Organization 54(2004):439-443.
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  • Hudson, D. and J.L. Lusk. “What You Don’t Know Can Cost You: A Web Based Experiment in Price Discrimination.” Review of Agricultural Economics 26(2004):392-403.
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  • Lusk, J.L. and D. Hudson. “Willingness-to-Pay Estimates and Agribusiness Decision Making.” Review of Agricultural Economics 26(2004):152-169.
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  • Hudson, D. “Problem Solving and Hypothesis Testing Using Economic Experiments.” Journal of Agricultural and Applied Economics 35(2003):337-347.
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  • Lusk, J.L. and J.A. Fox. “Value Elicitation in Laboratory and Retail Environments.” Economics Letters 79(2003):27-34.
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  • Lusk, J.L. “An Experimental Test of the Commitment Cost Theory.” American Journal of Agricultural Economics 85(2003):1316-1322.
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  • Phillips, O.R., D.J. Menkhaus, and K.T. Coatney. "Collusive Practices in Repeated English Auctions: Experimental Evidence on Bidding Rings." The American Economic Review 93(2003): 965-79.
    - Conducted at the University of Wyoming, Department of Agricultural Economics
  • Menkhaus, D.J., O.R. Phillips, and K.T. Coatney. "Shared Agents and Competition in Laboratory English Auctions." American Journal of Agricultural Economics 85(2003): 829-39.
    - Conducted at the University of Wyoming, Department of Agricultural Economics

Working Papers

Wilhelms, S.C., K.T. Coatney, A. Rodgers, and A. Chaudhry. “Brinksmanship and the Tragedy of the Commons: An Experimental Investigation of Traditional Pulaar Herders in Africa.”

Coatney, K.T., D.J. Menkhaus, and S.L. Shaffer. “Impacts of a Capacity Advantaged Bidder in Common Value Auctions: Evidence from the Laboratory.” 2014. Download

Harri, A., K.T. Coatney, K.H. Coble, and W. Wenshaung. “Measuring the Effects of Supranational Governing Structures on Corruption through an Economic Experiment.” 2014.

Coatney, K.T., J.M. Riley, and S.E. Head. “The Competitive Implications of Linking Forward Contract Prices to Spot Market Transactions in the Presence of Economies of Size.” 2014.

Freeman, M.A., K.T. Coatney, M.A. Freeman, P.J. Allen, M.A. Ciaramella, and M.W. Schilling. “Value-Added Prawns: Consumer Willingness to Pay and Producer Pricing.” 2015 Working Paper.

Social Media Ad Experiments

Social Media Ad Experiments


Publications

  • Barnes, J.N. and K.T. Coatney. “Progress on Broadband Adoption in Rural America.” Choices 30(1)(2015).
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  • Barnes, J. and K.T. Coatney. “Regional Economic Development and the Marketing of Rural Tourism Events Using Facebook: The Woodville Deer and Wildlife Case,” Mississippi State University Extension Service, 2855(2015)
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Working Papers

  • Barnes, J.N. and K.T. Coatney. “Using Natural Experiments to Teach Clientele How to Use Facebook Marketing Advertisements: The Case of the Woodville Deer and Wildlife Festival.”
Teaching

Teaching


Graduate Courses

  • AEC 8843 Survey Design and Experimental Economics Syllabus
  • AEC 8403 Game Theory Syllabus

Selected Game Theory Student Presentations

  • Cumbaa, N. "Credible Regulatory Threats and Solving the Mississippi Delta Aquifer Problem"
  • Rodgers, A. "War of Attrition among Traditional Pulaar Herders: A Game Theoretic Approach."
  • Amonoo, S. "Risk Behavior in a Repeated Event Game."
  • Hwag, J. "The Impact of Role Playing in The Robin Hood Game."
  • Annan, F. "Testing Market Information Effects on Bargaining Power and Market Outcomes: An Experimental Approach."

Dissertations and Theses

  • Wilhelms, S.C., “Establishing Credible Regulatory Threat and its Impact on the Tragedy of the Water Commons,” M.S. Thesis, Department of Agricultural Economics, Mississippi State University, (2015 – present). Major Advisor: Coatney, K.T.
  • Khoswe, C., “An Evaluation of Strategies to Smooth Inter-Seasonal Maize Price Variability in Malawi: An Experimental Approach,” M.S. Thesis, Department of Agricultural Economics, Mississippi State University, (current). Major Advisor: Coatney, K.T.
  • Poe, A., “Economic Farm Subsidy Incidences in the Presence of Bertrand Competitors of Complementary Factors of Production: A Theoretical and Experimental Approach,” M.S. Thesis, Department of Agricultural Economics, Mississippi State University, (2014). Major Advisor: Coatney, K.T.
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  • Qian, P., “Experimental Analysis of Crop Insurance - Cognitive Bias in Decision Making,” M.S. Thesis, Department of Agricultural Economics, Mississippi State University, (2014). Major Advisor: Coble, K.O.
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  • Xu, C. “The Difficulties of Preference Elicitation Resulting from Strategic Thinking: How Concerned Should We Be?,” M.S. Thesis, Department of Agricultural Economics, Mississippi State University, (2013). Major Advisor: Interis, M.
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  • Sukumaran, A., “Adding Value to Beef from Holstein Steers by Extended Aging with Natural Antioxidants, Dissertation, Department of Animal and Dairy Science, Mississippi State University, (current). Major Advisor: Dinh, T.
    - Conducted at Garrison Sensory Evaluation Laboratory, Mississippi State University
  • Lee, Y., “Does Experience Overcome Perception Bias for Consumers of Grass-Finished Beef?,” M.S. Thesis, Department of Agricultural Economics, Mississippi State University, (2014). Major Advisor: Freeman, M.A.
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    - Conducted at Garrison Sensory Evaluation Laboratory, Mississippi State University