Games
Each game puts you inside the market the lecture is about. The games run on your phone; you join with a username.
| Game | The question |
|---|---|
| Game 1: Coase bargaining | Do property rights and transaction costs matter for reaching an efficient outcome without a regulator? |
| Game 2: Permit trading | How does a permit market find its price, and does the way permits are handed out change what happens? |
| Game 3: Hedonic sorting | How do household preferences and housing supply produce sorting and a price gradient? |
How to join
All three games are at envecon-games.netlify.app. Open it on your phone when I say so, pick the game and join with your first name and initial, or with your team’s name in the team games. In class, a QR code on the slide where you join each game opens that game directly.
- One phone per player in the Coase game and one per firm in the permit game. In the sorting game one phone per team submits, and a teammate can follow on a second phone by typing the same team name.
- Keep the page open during the game. Phases, clocks and results update by themselves.
- If the page closes, open the link again and join with the same name.
What happens to the data
Each game leaves a record: the deals and prices in the Coase game, every permit trade with its time, where each household type settled. The record carries the names you join with. I keep it, we use it in class after the game, and I do not post it on Blackboard. Nothing you do in a game counts towards your grade.