Market Simulation Game
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This game allows players to experience the magic of the market and
problems caused by asymmetric information. The game settings allow the instructor
to modulate the amount of information that buyers can access about the quality
of the products. Some buyers can be fully informed, while others kept in the
dark. Alternatively, all of the buyers can have partial information about
product quality. Finally, conditions can be created which allow the sellers to
signal buyers (credibly or not) about product quality.
Click
here
for a
zipped file of the PowerPoint slides Professor King uses with the class.
You can find the instruction manual for the Market Simulation Game here. Back To Game List |