Laboratory experiments in economics, finance and political science

Abstract

This special issue highlights the use of experiments in economics. It contains seven distinct laboratory experimental studies that explore various topics, including the importance of social context on trust and reciprocity, bargaining under great risk, collusion in hard close auctions, prices in experimental asset markets under uncertainty, the disciplining role of repeated elections, the timing of advertising under price competition and the effects of potential competition on firm pricing and entry decisions in the presence of sunk entry costs.