Major Changes in the Second Edition
Major changes in the second edition include:
A new experiment on Network Externalities. In one session, students
experience the onset of new communications technologies like e-mail and fax
machines. A second session is devoted to competition between competing
standards and the emergence of a dominant seller like Microsoft.
Expanded discussion of essential economic concepts, including a new
section devoted to summarizing these concepts.
Answers to warm-up and discussion exercise questions are included in each
A new format for the lab notes and homework that simplifies the amount of
effort required by students and makes grading easier for the professor.
Expanded discussion sections and a few fine-tuning modifications of the
Improved format for the experimental materials, and new "quick-start"
guides for each experiment.
Copyright (c) 1999, Theodore Bergstrom and John H. Miller, All Rights Reserved