experimental economics, continuous double auction, equilibration, market dynamics, price stability We present results from four experiments in which a simple continuous double auction market is operated on a network of computer terminals. Our experiments are based on those reported by Smith & Williams in a 1983 paper, but with one significant procedural difference: unlike in other experimental ...

Background Recent British National Health Service (NHS) reforms, in response to austerity and alleged ‘health tourism,’ could impose additional barriers to healthcare access for non-European Economic Area (EEA) migrants. This study explores policy reform challenges and implications, using excerpts from the perspectives of non-EEA migrants and health advocates in London.   Methods A qualitative ...

Kaplow and Shavell have recently claimed that property rules tend to protect tangible entitlements more efficiently than do liability rules. They argue that while liability rules tend to efficiently harness the defendant’s private information when courts are imperfectly informed as to litigants’ valuations of intangible entitlements, this harnessing effect does not apply to tangible entitlement...

The authority to exercise the rights and powers of the individual is a fundamental component of all health information privacy regimes. Legislative entitlements are meaningless without the ability to exercise rights or powers. Substitute or surrogate decision-making is a crucial issue not only for the individuals who are relying on surrogates, but also for the persons who are acting on behalf o...