Silas, well said. I note that Bob Murphy has linked to this post.
And now a commenter on Scott Sumner’s blog mentioned this. I’m gonna be famous! :-P (Btw, any plans for allowing more profile information so we post our email and websites if we want?)
BTW, while I agree that Hamermesh’s experiment showed the difficulty of collusion in a free market, I doubt that was his intended “point”.
I was saying the opposite: in his post, Hamermesh is saying that this game shows why collusion is difficult, but it doesn’t capture the mechanism by which it makes collusion difficult.
And now a commenter on Scott Sumner’s blog mentioned this. I’m gonna be famous! :-P (Btw, any plans for allowing more profile information so we post our email and websites if we want?)
There are wiki user pages. Unfortunately, they are not linked.
Thanks, TokyoTom.
And now a commenter on Scott Sumner’s blog mentioned this. I’m gonna be famous! :-P (Btw, any plans for allowing more profile information so we post our email and websites if we want?)
I was saying the opposite: in his post, Hamermesh is saying that this game shows why collusion is difficult, but it doesn’t capture the mechanism by which it makes collusion difficult.
There are wiki user pages. Unfortunately, they are not linked.