{"id":"https://openalex.org/W2000400171","doi":"https://doi.org/10.1080/00220480009596782","title":"A Free Entry and Exit Experiment","display_name":"A Free Entry and Exit Experiment","publication_year":2000,"publication_date":"2000-01-01","ids":{"openalex":"https://openalex.org/W2000400171","doi":"https://doi.org/10.1080/00220480009596782","mag":"2000400171"},"language":"en","primary_location":{"id":"doi:10.1080/00220480009596782","doi":"https://doi.org/10.1080/00220480009596782","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00220480009596782","pdf_url":null,"source":{"id":"https://openalex.org/S128621090","display_name":"The Journal of Economic Education","issn_l":"0022-0485","issn":["0022-0485","2152-4068"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Economic Education","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5065206340","display_name":"Rod Garratt","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I154570441","display_name":"University of California, Santa Barbara","ror":"https://ror.org/02t274463","country_code":"US","type":"education","lineage":["https://openalex.org/I154570441"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Rod Garratt","raw_affiliation_strings":["University of California,Santa Barbara,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of California,Santa Barbara,","institution_ids":["https://openalex.org/I154570441"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5065206340"],"corresponding_institution_ids":["https://openalex.org/I154570441"],"apc_list":null,"apc_paid":null,"fwci":5.1239,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.9496361,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":94},"biblio":{"volume":"31","issue":"3","first_page":"237","last_page":"237"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":0.7089999914169312,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":0.7089999914169312,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12978","display_name":"Innovative Teaching Methodologies in Social Sciences","score":0.24130000174045563,"subfield":{"id":"https://openalex.org/subfields/3304","display_name":"Education"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10785","display_name":"Economic Theory and Institutions","score":0.011599999852478504,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/free-entry-and-exit","display_name":"free entry and exit","score":0.9919999837875366},{"id":"https://openalex.org/keywords/long-run-equilibrium","display_name":"long-run equilibrium","score":0.9480000138282776},{"id":"https://openalex.org/keywords/multimarket-competition","display_name":"multimarket competition","score":0.7379999756813049},{"id":"https://openalex.org/keywords/opportunity-cost","display_name":"opportunity cost","score":0.6949999928474426},{"id":"https://openalex.org/keywords/accounting-profit","display_name":"accounting profit","score":0.7200000286102295},{"id":"https://openalex.org/keywords/economic-profit","display_name":"economic profit","score":0.593999981880188},{"id":"https://openalex.org/keywords/competitive-markets","display_name":"competitive markets","score":0.6140000224113464},{"id":"https://openalex.org/keywords/agricultural-markets","display_name":"agricultural markets","score":0.5950000286102295},{"id":"https://openalex.org/keywords/market-entry-decisions","display_name":"market entry decisions","score":0.36399999260902405}],"concepts":[{"id":"https://openalex.org/C538133343","wikidata":"https://www.wikidata.org/wiki/Q5333576","display_name":"Economics education","level":3,"score":0.47760507464408875},{"id":"https://openalex.org/C120912362","wikidata":"https://www.wikidata.org/wiki/Q136822","display_name":"Higher education","level":2,"score":0.413473904132843},{"id":"https://openalex.org/C145420912","wikidata":"https://www.wikidata.org/wiki/Q853077","display_name":"Mathematics education","level":1,"score":0.37719225883483887},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.33385753631591797},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.30978113412857056},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.112651526927948}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1080/00220480009596782","doi":"https://doi.org/10.1080/00220480009596782","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00220480009596782","pdf_url":null,"source":{"id":"https://openalex.org/S128621090","display_name":"The Journal of Economic Education","issn_l":"0022-0485","issn":["0022-0485","2152-4068"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Economic Education","raw_type":"journal-article"},{"id":"doi:10.2307/1183094","doi":"https://doi.org/10.2307/1183094","is_oa":false,"landing_page_url":"https://doi.org/10.2307/1183094","pdf_url":null,"source":{"id":"https://openalex.org/S128621090","display_name":"The Journal of Economic Education","issn_l":"0022-0485","issn":["0022-0485","2152-4068"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of Economic Education","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:jeduce:v:31:y:2000:i:3:p:237-243","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/00220480009596782","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":7,"referenced_works":["https://openalex.org/W29248351","https://openalex.org/W1976182769","https://openalex.org/W2018084563","https://openalex.org/W2072584154","https://openalex.org/W2075961161","https://openalex.org/W2100761249","https://openalex.org/W4246756863"],"related_works":["https://openalex.org/W7008604388","https://openalex.org/W1571953830","https://openalex.org/W1978121719","https://openalex.org/W7097157841","https://openalex.org/W4286744760","https://openalex.org/W1510146233","https://openalex.org/W7099279656","https://openalex.org/W1964605940","https://openalex.org/W4302607701","https://openalex.org/W2304974087"],"abstract_inverted_index":{"In":[0,21,131,151,185],"this":[1],"article,":[2],"I":[3],"describe":[4],"an":[5],"experiment":[6,147,242,273],"that":[7,12,88,139,228],"demonstrates":[8],"the":[9,22,27,57,60,63,67,78,92,119,137,155,163,186,189,218,229,239,267,281,296],"dynamic":[10],"process":[11,138],"leads":[13,140],"to":[14,34,39,53,91,97,105,113,141,166,223,280],"long-run":[15,142,176,299],"equilibrium":[16,143,177,230],"in":[17,77,118,182,250,303],"a":[18,30,192,200,212,277],"multimarket":[19],"setting.":[20],"experiment,":[23],"each":[24,36,55,152,183],"student":[25],"plays":[26],"part":[28],"of":[29,43,56,62,136,154,162,171,202,221,232,269,301],"farmer":[31,199],"who":[32],"has":[33,148,178,306],"decide":[35,159],"period":[37],"whether":[38],"supply":[40],"one":[41,161,203,224],"unit":[42],"corn,":[44],"wheat,":[45],"rice,":[46],"or":[47,207],"soybeans.":[48],"It":[49,285],"costs":[50,125],"different":[51],"amounts":[52],"produce":[54],"crops,":[58],"and":[59,70,110,122,175,226,265,295,298],"prices":[61],"crops":[64],"depend":[65],"on":[66,260,266],"amount":[68],"supplied":[69],"consumer":[71],"demand.":[72],"There":[73],"are":[74,89,95,144,247],"no":[75],"consumers":[76],"experiment.":[79],"Demand":[80],"is":[81,104,173,276],"determined":[82],"from":[83],"prespecified":[84],"inverse":[85],"demand":[86],"curves":[87],"unknown":[90],"participants.'":[93],"Students":[94],"instructed":[96],"act":[98],"as":[99,238],"profit":[100,201],"maximizers.":[101],"The":[102,146,168,214,272],"goal":[103],"see":[106],"how":[107,123,261],"free":[108],"entry":[109],"exit":[111],"lead":[112],"equal":[114],"profits":[115,129,181,291],"across":[116],"markets":[117,165,263,305],"long":[120],"run,":[121],"opportunity":[124,169,219],"determine":[126],"what":[127],"those":[128],"are.":[130],"addition,":[132],"some":[133],"subtle":[134],"aspects":[135],"revealed.":[145],"two":[149],"stages.":[150],"round":[153],"first":[156],"stage,":[157,188],"students":[158],"which":[160],"four":[164],"enter.":[167],"cost":[170,220],"farming":[172,222],"zero,":[174],"zero":[179],"accounting":[180,233],"market.":[184],"second":[187],"government":[190],"introduces":[191],"fallow":[193,215],"program":[194,216],"whereby":[195],"it":[196],"guarantees":[197],"any":[198],"dollar":[204,225],"if":[205],"he":[206],"she":[208],"does":[209],"not":[210],"plant":[211],"crop.":[213],"increases":[217],"makes":[227],"level":[231],"profits.":[234],"Market":[235],"experiments":[236,258],"such":[237],"double":[240,282],"oral-auction":[241],"introduced":[243],"by":[244],"Smith":[245],"(1962)":[246],"often":[248],"run":[249],"economics":[251],"classes":[252],"(Wells":[253],"1991;":[254],"DeYoung":[255],"1993).":[256],"Such":[257],"focus":[259],"competitive":[262,270,304],"clear":[264],"efficiency":[268],"equilibrium.":[271],"discussed":[274],"here":[275],"natural":[278],"follow-up":[279],"oral":[283],"auction.":[284],"should":[286],"be":[287],"conducted":[288],"after":[289],"economic":[290],"have":[292],"been":[293,307],"defined":[294],"short-":[297],"profitability":[300],"firms":[302],"discussed.":[308]},"counts_by_year":[{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}