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Technical Note

Supply, Demand, and Equilibrium: A Class Experiment

By Debaere, Peter

This note explains the intuition and analytics behind the class experiment that is commonly called "Trading in a Pit." Following the experiment, we derive supply and demand and discuss market efficiency. This note is part of the refresher course in economics at Darden.

Collection: Darden University of Virginia (USA)

Ref: DARDEN-G-0593-E

Format: PDF

Number of pages: 4

Publication Date: Mar 8, 2007

Language: English

Review date: Aug 18, 2009

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Supply, Demand, and Equilibrium: A Class Experiment

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