Bart's World @ Chapman University



Working Papers
Blog Posts




Humanomics: Moral Sentiments and the Wealth of Nations for the Twenty-First Century, with Vernon L. Smith, Cambridge University Press, forthcoming.

While neo-classical analysis works well for studying impersonal exchange in markets, it fails to explain why people conduct themselves the way they do in their personal relationships with family, neighbors, and friends. In Humanomics, we bring our study of economics full circle by returning to the founder of modern economics, Adam Smith.  Sometime in the last 250 years, economists lost sight of the full range of human feeling, thinking, and knowing in everyday life.  We show how Adam Smith’s model of sociality can re-humanize twenty-first century economics by undergirding it with sentiments, fellow feeling, and a sense of propriety—the stuff of which human relationships are built. Integrating insights from The Theory of Moral Sentiments and the Wealth of Nations into contemporary empirical analysis, this book shapes economic betterment as a science of human beings.

Journal and Law Review Articles

“Experimental Tests of the Tolerated Theft and Risk-Reduction Theories of Resource Exchange,” Nature Human Behaviour, 2(6), June, 2018, with Hillard S. Kaplan, Eric Schniter, and Vernon L. Smith.

“On Private Governance,” Review of Austrian Economics, 31(2), June, 2018.

“Equilibrium Play in Voluntary Ultimatum Games: Beneficence Cannot Be Exhorted,” Games and Economic Behavior, 109, May, 2018,  with Vernon L. Smith.

“Human and Monkey Responses in a Symmetric Game of Conflict with Asymmetric Equilibria,” Journal of Economic Behavior and Organization, 142, October, 2017, with Sarah F. Brosnan, Sara A. Price, Kelly Leverett, Laurent Prιtτt, and Michael Beran.

“The Welfare Effects of Civil Forfeiture,” Review of Behavioral Economics, 4(2), September, 2017, with Michael Preciado. A video demonstration of the software is available here.

“Smile, Dictator, You’re on Camera,” Southern Economic Journal, 84(1), July, 2017, with Joy Buchanan, Matt McMahon, and Matthew Simpson. A video of the dictator decisions is available here.

“Sentiments, Conduct, and Trust in the Laboratory,” Social Philosophy and Policy, 34(1), July, 2017, with Vernon L. Smith.

“Language and Cooperation in Hominin Scavenging,” Evolution and Human Behavior, 38(3), May, 2017, with Samuel R. Harris. A video demonstration of the software is also available here.

“Humankind in Civilization's Extended Order: A Tragedy, The First Part,” Supreme Court Economic Review, 23(1), 2015.

“Further Towards a Theory of the Emergence of Property,” Public Choice, 163(1-2), April, 2015.

“Conduct in Narrativized Trust Games,” Southern Economic Journal, 81(3), January, 2015, with Jan Osborn and Bradley R. Sherwood.

“An Experiment on Protecting Intellectual Property,” Experimental  Economics, 17(4), December, 2014, with Joy Buchanan. A video demonstration of the software is available here.

“Horizontal Product Differentiation in Auctions and Multilateral Negotiations,” Economica, 81(324), October, 2014, with Charles J. Thomas.

“Differential Responding by Rhesus Monkeys (Macaca mulatta) and Humans (Homo sapiens) to Variable Outcomes in the Assurance Game,” Animal Behavior and Cognition, 1(3), August, 2014, with Audrey E. Parrish, Sarah F. Brosnan, and Michael J. Beran. (Lead article)

“Fair and Impartial Spectators in Experimental Economic Behavior,” Review of Behavioral Economics, 1(1), January, 2014, with Vernon L. Smith. (Lead article)

“War of Attrition: Evidence from a Laboratory Experiment on Market Exit,” Economic Inquiry, 51(4), October, 2013, Ryan Oprea and Arthur Zillante.

“Comparative Approaches to Studying Strategy: Towards an Evolutionary Account of Primate Decision Making,” Evolutionary Psychology, 11(3), July, 2013, with Sarah F. Brosnan, Michael J. Beran, Audrey E. Parrish, and Sara A. Price.

“Insiders, Outsiders, and the Adaptability of Informal Rules to Ecological Shocks,” Ecological Economics, 90, June, 2013, with Erik O. Kimbrough.

“Go West Young Man: Self-selection and Endogenous Property Rights,” Southern Economic Journal, 79(4), April, 2013, with Taylor Jaworski.

“Violence, Access, and Competition in the Market for Protection,” European Journal of Political Economy, 29(1), March, 2013, with Douglas B. Rogers and Adam C. Smith. (Lead article)

“The Ecological and Civil Mainsprings of Property: An Experimental Economic History of Whalers’ Rules of Capture,” Journal of Law, Economics, and Organization, 28(4), October, 2012, with Taylor Jaworski, Karl Schurter, and Andrew Smyth. Awarded the 2012 Oliver E. Williamson prize for best article for all papers accepted in 2011. A video demonstration of the software is available here.

“The Primacy of Entrepreneurs in Exploiting Long-Distance Exchange,” Managerial and Decision Economics, 33(5), July-September, 2012, with Erik O. Kimbrough.

“Risk and the Evolution of Human Exchange,” Proceedings of the Royal Society B: Biological Sciences, 270(1740), 7 August 2012, with Hillard Kaplan, Eric Schniter, and Vernon L. Smith.

“Old World Monkeys are More Similar to Humans than New World Monkeys When Playing a Coordination Game,” Proceedings of the Royal Society B: Biological Sciences, 279(1733), 22 April 2012, Published ahead of print 9 November 2011, with Sarah F. Brosnan and Michael J. Beran.

“Contra Private Fairness,” American Journal of Economics and Sociology, 71(2), April, 2012.  Here's my ReasonTV interview on YouTube (7/30/2010).

“Anarchy, Groups, and Conflict: An Experiment on the Emergence of Protective Associations,” Social Choice and Welfare, 38(2), February, 2012, with Adam C. Smith and David B. Skarbek.

“Geography and Social Networks in Nascent Distal Exchange,” Journal of Institutional and Theoretical Economics, 167(3), September, 2011, with Erik O. Kimbrough. (Lead Article)

“The Territorial Foundations of Human Property,” Evolution & Human Behavior, 32(5), September, 2011, with Peter DeScioli. (Lead Article)

“Responses to the Assurance Game in Monkeys, Apes, and Humans Using Equivalent Procedures,” Proceedings of the National Academy of Sciences, February 7, 2011 Early Edition, with Sarah F. Brosnan, Audrey Parrish, Michael J. Beran, Timothy Flemming, Lisa Heimbauer, Catherine Talbot, Susan P. Lambeth, and Steven J. Schapiro

“Discovering Economics in the Classroom with Experimental Economics and the Scottish Enlightenment,” International Review of Economics Education, 9(2), November, 2010, with Taylor Jaworski and Vernon L. Smith.

“An Experimental Analysis of the Demand for Payday Loans,” The B.E. Journal of Economic Analysis & Policy, 10(1) (Topics), Article 93. DOI: 10.2202/1935-1682.2563, with David W. Findlay, James W. Meehan Jr., Charissa Wellford, and Karl Schurter.

“Exchange, Theft, and the Social Formation of Property,” Journal of Economic Behavior and Organization, 74(3), June, 2010, with Erik O. Kimbrough and Vernon L. Smith.

“More Information, More Ripoffs: Experiments with Public and Private Information in Markets with Asymmetric Information,” Review of Industrial Organization, 36(1), February, 2010, with Arthur Zillante. (Lead Article)

“Social Preferences aren't Preferences,” Journal of Economic Behavior and Organization, 73(1), January, 2010.

“Exchange and Specialisation as a Discovery Process,” Economic Journal, 119, July, 2009, with Sean Crockett and Vernon L. Smith.

“Justice and Fairness in the Dictator Game,” Southern Economic Journal, 79(1), July, 2009, with Karl Schurter.

“Incremental Approaches to Establishing Trust,” Experimental  Economics, 11(4), December, 2008, with Robert Kurzban and Mary Rigdon.

“Language Games of Reciprocity.” Journal of Economic Behavior and Organization, 68(2), November, 2008.

“Experimental Gasoline Markets,” Journal of Economic Behavior and Organization, 68(1), July, 2008, with Cary A. Deck.

“Fixed Revenue Auctions,” Economic Inquiry, 46(3), July, 2008, with Cary A. Deck.

“Historical Property Rights, Sociality, and the Emergence of Impersonal Exchange in Long-distance Trade,” American Economic Review, 98(3), June, 2008, with Erik O. Kimbrough and Vernon L. Smith.  An appendix summarizing each economy is available here.

“An Experimental Investigation of Hobbesian Jungles,” Journal of Economic Behavior and Organization, 66(3), June, 2008, with Benjamin Powell.

“Strategic Buyers, Horizontal Mergers and Synergies: An Experimental Investigation,” International Journal of Industrial Organization, 26(3), May, 2008, with Douglas D. Davis.

“Economics Works! Experiments in High School Classrooms,” Journal of Private Enterprise, 23(2), Spring, 2008, with Stephen L. Jackstadt and Paul Johnson.

“Second Chance Offers vs. Sequential Auctions: Theory and Behavior,” Economic Theory, 34(1), January, 2008, with Timothy C. Salmon.

“An Experimental Analysis of the Effects of Automated Mitigation Procedures on Investment and Prices in Wholesale Electricity Markets,”  Journal of Regulatory Economics, 31(3), June, 2007, with Lynne Kiesling.

“Exclusionary Bundling and the Effects of a Competitive Fringe,” Journal of Institutional and Theoretical Economics, 163, March, 2007, with Anil Caliskan, David Porter, Stephen Rassenti, and Vernon L. Smith.

“Raising Revenues for Charity: Auctions versus Lotteries,” in Research in Experimental Economics, Vol. 11, D.D. Davis and R. M. Isaac (Eds.), JAI (Elsevier Science): 2006, with Douglas D. Davis, Laura Razzolini, and Robert Reilly. 

“Equilibrium Price Dispersion, Mergers and Synergies: An Experimental Investigation of Differentiated Product Competition,” International Journal of the Economics of Business, 13(2), July, 2006, with Douglas D. Davis.

“Tracking Customer Search to Price Discriminate,” Economic Inquiry, 44(2), April, 2006, with Cary A. Deck.

“Verifiable Offers and the Relationship Between Auctions and Multilateral Negotiations,” Economic Journal, 115, October, 2005, with Charles J. Thomas.

“Teaching E-commerce through the Use of Real-time Interactive Laboratory Experiments,” International Journal of Information and Operations Management Education, 1(1), 2005, with Roumen Vragov.

uction Markets for Evaluations,”
Southern Economic Journal, 72(1), July, 2005, with Cary A. Deck.

“Market Power and Price Movements over the Business Cycle,” Journal of Industrial Economics, 53(2), June, 2005, with Stanley Reynolds. (Lead Article)

“Differentiated Product Competition and the Antitrust Logit Model,”Journal of Economic Behavior and Organization, 57(1), May, 2005, with Douglas D. Davis.

“How Applicable is the Dominant Firm Model of Price Leadership?” Experimental  Economics, 7(3), October, 2004, with Stephen J. Rassenti.

“Cost Structures and Nash Play in Repeated Cournot Games,” Experimental  Economics, 6(2), October, 2003, with Douglas D. Davis and Robert J. Reilly.

“Automated Pricing Rules in Electronic Posted Offer Markets,” Economic Inquiry, 41(2), April, 2003, with Cary A. Deck.

“Discriminatory Price Auctions in Electricity Markets,” Journal of Regulatory Economics, 23(2), March, 2003, with Stephen J. Rassenti and Vernon L. Smith. (Lead Article.)

“Controlling Market Power and Price Spikes in Electricity Networks: Demand-Side  Bidding,” Proceedings of the National Academy of Sciences, 100(5), March 4, 2003, with Stephen J. Rassenti and Vernon L. Smith. (Cover article.)

“The Effectiveness of Low Price Matching in Mitigating the Competitive Pressure of Low Friction Electronic Markets,” Electronic Commerce Research, 2(4), November, 2002, with Cary A. Deck.

“Experimental Methods and Antitrust Policy,”in Research in Experimental Economics: Experiments Investigating Market Power, Vol. 9, R. M. Isaac and C. Holt (Eds.), JAI (Elsevier Science): 2002, with Douglas D.Davis.

“A Comparison of Auctions and Multilateral Negotiations,” RAND Journal of Economics, 33(1), Spring, 2002, with Charles J. Thomas.

“Collusion in Procurement Auctions: An Experimental Examination,” Economic Inquiry, 40(2), April, 2002, with Douglas D. Davis.

“Incremental Commitment and Reciprocity in a Real Time Public Goods Game,”   Personality and Social Psychology Bulletin, 27(12), December 2001, with Robert O.    Kurzban, Kevin McCabe, and Vernon L. Smith.

“Firm-Specific Cost Savings and Market Power,” Economic Theory, 16(3), November, 2000, with Douglas D. Davis.  

“Bertrand-Edgeworth Competition, Demand Uncertainty, and Asymmetric Outcomes,”    Journal of Economic Theory, 92(1), May, 2000, with Stanley S. Reynolds. 

“Design Comparisons for Procurement Systems,” SIGecom Exchanges, 1.1, Summer 2000, with Charles J. Thomas.

“What Collusion? Unilateral Market Power as a Catalyst for Countercyclical Markups,”    Experimental  Economics, 1(2), September, 1998.

“Menu Costs and Nominal Price Friction: An Experimental Examination,” Journal of Economic Behavior and Organization, 35(3), April 1998. 

Book Chapters

"Commerce Unbound: A Modern Promethean Story," Annual Proceedings of the Wealth and Well-being of Nations, 9, 2017, with Jan Osborn and Gus P. Gradinger.

“The Clash of Aristocratic and Bourgeois Virtues in The Wire,” in Teaching The Wire: Frameworks, Theories and Strategies for the Classroom, Tia Gaynor and Jocelyn Taliaferro (Eds.), Mcfarland & Co, 2016, with Gus P. Gradinger.

“The Meaning of Deceive in Experimental Economic Science,” in The Oxford Handbook of Professional Economic Ethics, George DeMartino and Deirdre McCloskey (eds.), Oxford University Press, 2016.

“Using Experimental Economics to Understand Competition,” in Competition Policy And The Economic Approach: Foundations and Limitations, Josef Drexl and Rupprecht Podszun (eds.), Edward Elgar Publishing, 2011.

“Mixed Strategy Nash Equilibrium Predictions as a Means of Organizing Behavior in Posted-Offer Market Experiments,” in Handbook of Experimental Economics Results, Elsevier Science, 2008, C. Plott and V. L. Smith (Eds.), with Douglas D. Davis.

“Building a Market: From Personal to Impersonal Exchange,” in Moral Markets: The Critical Role of Values in the Economy, P. Zak (ed.), Princeton U Press, 2008, with Erik Kimbrough and Vernon L. Smith. 

“Bidding Strategies in Single-unit Auctions,” in Encyclopedia of Cognitive Science, L. Nadel (ed.), Macmillan Publishers (Nature Publishing Group): 2003.

Conference Proceedings

“Interactions of Automated Pricing Algorithms: An Experimental Investigation,”  Proceedings of the ACM Conference on Electronic Commerce 2000 (EC-00), October, 2000, with Cary A. Deck. 17% acceptance rate.

“Structural Features that Contribute to Market Power in Electric Power Networks,”    Proceedings of the 33rd Hawaii International Conference on Systems Sciences, 2000,    with Stephen J. Rassenti and Vernon L. Smith. Received Best Paper Nomination.

Other Publications

“How We Think about Economics,” Southern Economic Journal, 83(3), January, 2017.

“Experimental Economics and Antitrust: What Can We Learn from Laboratory Markets?” Antitrust, 21(2), Spring, 2007. (Invited by the editors.)

“Full Serve, No Choice,” New York Times, Op-Ed, October 3, 2004, with Thomas Firey.

“Economics at the Pump,” Regulation, 27(1), Spring 2004, with Cary A. Deck.

“Using Experiments to Inform the Privatization/Deregulation Movement in Electricity,”    The Cato Journal, 21(3), Winter, 2002, with Stephen J. Rassenti and Vernon L. Smith.

“Turning Off the Lights,” Regulation, 24(3), Fall, 2001, with Stephen J. Rassenti and Vernon L. Smith.



This site was last updated 06/20/18.