Durable-Goods Monopoly: Laboratory Market and Bargaining Experiments
比较单期（非耐用品）与多期（耐用品）垄断实验的结果，发现多期实验中初始价格高于单期，价格随时间下降，且买家大量隐藏需求，有限理性可解释偏离均衡的现象。
Results from single-period monopoly experiments (nondurable environment) are compared with results from multiperiod monopoly experiments that have features of a durable-goods environment. Average prices were below the static monopoly benchmark price in all settings. Observed initial prices were higher in multiperiod experiments than in single-period experiments, in contrast to equilibrium predictions. Prices in multiperiod experiments tended to fall over time; there was less price cutting in market experiments than in bargaining experiments. There was substantial demand withholding by buyers in multiperiod experiments. A version of bounded rationality is a promising candidate for explaining deviations from equilibrium predictions.