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Indiana University Bloomington
Department of Economics

Arlington W. Williams

Arlington W. Williams

Professor
Ph.D., University of Arizona, 1978

Experimental Economics, Applied Microeconomics

Much of Professor Williams' research has involved the design and implementation of computerized trading environments to investigate empirically the predictive power of market equilibrium theories. For example, a paper in Econometrica "Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets" used laboratory markets to study stock market price bubbles and crashes. He has also used experimental methods to study price expectation formation models and public goods provision via voluntary contributions, and risk preference differentials revealed by individual decisions versus small-group decisions. Professor Williams' research papers have appeared in a variety of academic journals such as the American Economic Review, Economic Theory, Experimental Economics, the Journal of Money, Credit and Banking, the Journal of Economic Behavior and Organization, the Journal of Public Economics, Public Choice, and Contemporary Accounting Research.