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- IFREE's Educational Philosophy
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- IFREE-Sponsored UAA Incoming Student Workshop
- The IFREE Newsletter
In the News |
| Recap of the IFREE-sponsored Seventeenth Graduate Student Workshop in Experimental Economics at ESI, January 8-12, 2012. |
| Overview of the Winter/Spring 2012 Speakers - IFREE-Sponsored Lecture Series at ESI |
| The IFREE Small Grants Proposal: Read about the research projects awarded funding in October 2011. |
| IFREE Sponsored UAA Incoming Student Experimental Economics Workshop, August 25-26 2011. |
| Peter DeScioli and Bart Wilson acknowledge IFREE funding for paper about property published in Evolution and Human Behavior. |
| Pictures of the IFREE-Sponsored Summer Scholars Program, June 27th to August 6th 2011. |
| Pictures of the Vernon L. Smith IFREE-sponsored High School Workshops in Experimental Economics, July 25-29 and August 1-5 2011. |
| Recap of IFREE Sponsored "Economics in the Metaverse" High School Workshop at GMU, July 25th-29th 2011. |
| Breakthrough in the Second Phase of IFREE Supported Research on Combinatorial Auction. |
| Read Past News |
In 2002, IFREE-founder Dr. Vernon Smith was awarded the Nobel Prize in Economics for "having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms."
"More Information, More Ripoffs: Experiments with Public and Private Information in Markets with Asymmetric Information"
Dr. Bart Wilson of Chapman University, with Dr. Artie Zillante at UNC Charlotte, published "More Information, More Ripoffs: Experiments with Public and Private Information in Markets with Asymmetric Information", as the lead article in the Review of Industrial Organization’s February issue. Models of markets for used cars predict that sellers can pawn off lemons on trusting buyers. However, in a laboratory experiment Profs. Wilson and Zillante find stark evidence that sellers cannot pawn off lemons on buyers when transaction prices are private. Only when transaction prices are public can owners of lemons successfully masquerade as sellers of high quality goods. Artie is a former IFREE-assisted post doc at GMU.
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