Economics Labs
Interactive experiments — utility, equilibrium, information, strategy
Utility & Indifference
Budget line meets the highest attainable indifference curve — tangency, corner, and kink.
Market Equilibrium
Supply, demand, tâtonnement, and the deadweight loss from a binding price ceiling.
Second-Price Auction
Deviate from truthful bidding across a thousand trials — the histogram shows why you shouldn't.
Lemons Market
Adverse selection unraveling — the iteration that empties the market.
Cournot vs. Bertrand
Two best-response curves intersect. Quantity or price — the equilibrium moves with the rules.