Percobaan Ekonomi untuk Mengkaji Pengaruh Informasi serta Jumlah Penjual dan Pembeli dalam Transaksi Pasar

Authors

  • Edy Supriyadi Universitas Pancasila

DOI:

https://doi.org/10.21512/tw.v11i1.699

Keywords:

economic experiment, information influence, market transaction

Abstract

Perfect competition (PPS) is the most ideal market structure because this market system is considered will ensure the realization of activities producing goods and services with very high efficiency compared to other market structures such as monopoly. Due to its benefits for sellers and buyers, economists often wish for the creation of perfect competition. In the pattern of transactions in everyday life, there are many market transactions commonly encountered, such as decentralized systems (DT), and Double Auction (DA). This paper presents the use of experimental methods to study the characteristics of both systems the transaction is in a "perfect competition” (5 sellers and 5 buyers' and market monopoly (with 1 seller and 5 buyers). Responses observed are Contract Price (CP), market efficiency, CP diversity coefficient on the price balance, buyer surplus and seller surplus. From the experimental results can be seen that the average Contract Price (CP) during 5 experimental periods that the value of CP at Perfect Competition Market is smaller than the monopoly market. From efficiency levels between transactions type it can be seen that the Double Auction type of transaction is more efficient than with the Decentralization type of transaction.

Dimensions

Plum Analytics

References

Brandts, J., and Charles, A.H. (1999). An experimental test of equilibrium dominance in signaling games, forthcoming in American Economic Review.

Cadsby, C.B., Frank, M., and Maksimovic, V. (1992). equilibrium dominance in experimental financial markets, Working paper, University of Guelph.

Davis, D.D., and Holt, C.A. (1993). Experimental economics, New Jersey: Princeton University Press.

Douglas D.D. Antarctic atmospheric chemistry, Publisher Elsevier.

Douglas D.D., and Mitchell, S.K. (1997). Experimental economics: An introduction for applications to international trade, Ohio, Ohio State University: Publisher Dept. of Agricultural Economics.

Douglas D.D., and Holt, C.A. (1993). Experimental economics, United Kingdom: Princeton University Press Published.

Friedman, D., and Sunder, S. (1994). Experimental methods, New York: Cambridge University Press.

Hey, J.D. (1991). Experiments in economics, USA: Blakcwell Oxford UK & Cambridge.

Kagel, J.H., and Roth, A.E. (1995). Introduction, di dalam “The Handbook Experimental Economics”, New Jersey: Princeton University Press.

Juanda, B. (2000). Percobaan ekonomi untuk mengkaji pengaruh informasi serta jumlah penjual dan pembeli dalam transaksi pasar, Bogor: Fakultas MIPA Institut Pertanian Bogor.

Miller, R.M., and Charles R.P. (1985). Product quality signaling in experimental marklets.

Nelson, P. (1990). Information and consumer behavior. Journal of Political Economy.

Spence, A.M. (1984). Market signaling: Informational transfer in hiring and related screening process, Cambridge: Harvard University Press.

Downloads

Published

2010-03-31

How to Cite

Supriyadi, E. (2010). Percobaan Ekonomi untuk Mengkaji Pengaruh Informasi serta Jumlah Penjual dan Pembeli dalam Transaksi Pasar. Journal The Winners, 11(1), 43-54. https://doi.org/10.21512/tw.v11i1.699
Abstract 603  .
PDF downloaded 897  .