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Tim Cason

Tim Cason

Professor and Gadomski Chair of Economics


Ph.D., Economics, University of California (Berkeley)
B.A., Economics and Mathematics, Indiana University (Bloomington)

Professor Cason's teaching and research interests are in the areas of industrial organization, experimental economics, and environmental economics. His current research areas include experimental markets, environmental regulation, and antitrust.

He has published research in many leading journals, including Science, the Journal of Political EconomyEconometrica, the American Economic Review, and the Review of Economic Studies. He is Co-Editor of the Journal of Public Economics, a past editor of the journal Experimental Economics, and has served on the editorial boards of the Journal of Environmental Economics and Management, Management Science, the Journal of Economic Behavior and Organization, and Games and Economic Behavior.

He was President of the Economic Science Association (2009-2011), which is the international society of experimental economists. Prior to joining the Krannert faculty in 1998, he was an associate professor (1997-98) and assistant professor (1991-97) at the University of Southern California. He has done public utility, regulatory and antitrust consulting.

Journal Articles

  • Cason, T., Masters, W. & Sheremeta, R. (2018). Winner-Take-All and Proportional-Prize Contests: Theory and Experimental Results. Journal of Economic Behavior and Organization, forthcoming..
  • Cason, T., Sheremeta, R., & Zhang, J. (2017). Asymmetric and Endogenous Within-Group Communication in Competitive Coordination Games. Experimental Economics, vol. 20 946-972.
  • Banerjee, S., Cason, T., de Vries, F., & Hanley, N. (2017). Transaction Costs, Communication and Spatial Coordination in Payment for Ecosystem Services Schemes. Journal of Environmental Economics & Management, vol. 83 68-89.
  • Cason, T. & Zubrickas, R. (2017). Enhancing Fundraising with Refund Bonuses. Games and Economic Behavior, vol. 101 218-233.
  • Cason, T., Friesen, L., & Gangadharan, L. (2016). Regulatory Performance of Audit Tournaments and Compliance Observability. European Economic Review, vol. 85 288-306.
  • Perkis, D., Cason, T. & Tyner, W. (2016). An Experimental Investigation of Hard and Soft Price Ceilings in Emissions Permit Markets. Environmental and Resource Economics, vol. 63 703-718.
  • Casari, M. & Cason, T. (2016). Common Value Auctions with Voluntary and Qualified Entry. Revue Economique, vol. 67 953-976.
  • Cason, T. & Gangadharan, L. (2016). Swords without Covenants Do Not Lead to Self-Governance. Journal of Theoretical Politics, vol. 28 44-73.
  • Cason, T. & Gangadharan, L. (2015). Promoting Cooperation in Nonlinear Social Dilemmas through Peer Punishment. Experimental Economics, vol. 18 66-88.
  • Cason, T. & Samek, A. (2015). Learning through Passive Participation in Asset Market Bubbles. Journal of the Economic Science Association, vol. 1 170-181.
  • Cason, T. & Mui, V.-L. (2015). Rich Communication, Social Preferences, and Coordinated Resistance against Divide-and Conquer: A Laboratory Investigation. European Journal of Political Economy, vol. 37 146-159.
  • Cason, T. & Mui, V.-L. (2015). Individual versus Group Play in the Repeated Coordinated Resistance Game. Journal of Experimental Political Science, vol. 2 94-106.
  • Cason, T. & Plott, C. (2014). Misconceptions and Game Form Recognition: Challenges to Theories of Revealed Preference and Framing. Journal of Political Economy, vol. 122 1235-1270.
  • Cason, T., Friedman, D. & Hopkins, E. (2014). Cycles and Instability in a Rock-Paper-Scissors Population Game: A Continuous Time Experiment. Review of Economic Studies, vol. 81 112-136.
  • Cason, T. & Mui, V.-L. (2014). Coordinating Collective Resistance through Communication and Repeated Interaction. The Economic Journal, vol. 124 F226-256.
  • Cason, T., Lau, S.-H.. & Mui, V.-L. (2013). Learning, Teaching, and Turn Taking in the Repeated Assignment Game. Economic Theory, vol. 54 335-357.
  • Cason, T. & Gangadharan, L. (2013). Empowering Neighbors versus Imposing Regulations: An Experimental Analysis of Pollution Reduction Schemes. Journal of Environmental Economics & Management, vol. 65 469-484.
  • Casari, M. & Cason, T. (2013). Explicit versus Implicit Contracts for Dividing the Benefits of Cooperation. Journal of Economic Behavior and Organization, vol. 61 20-34.
  • Cason, T. & Gangadharan, L. (2013). Cooperation Spillovers and Price Competition in Experimental Markets. Economic Inquiry, vol. 51 1715-1730.
  • Cason, T. & Mago, S. (2013). A Laboratory Study of Duopoly Price Competition with Patient Buyers. Economic Inquiry, vol. 51 1123-1141.
  • Cason, T., Sheremeta, R. & Zhang, J. (2012). Communication and Efficiency in Competitive Coordination Games. Games and Economic Behavior, vol. 76 26-43.
  • Cason, T., Savikhin, A. & Sheremeta, R. (2012). Behavioral Spillovers in Coordination Games. European Economic Review, vol. 56 233-245.
  • Cason, T., Gangadharan, L. & Maitra, P. (2012). Moral Hazard and Peer Monitoring in a Laboratory Microfinance Experiment. Journal of Economic Behavior and Organization, vol. 82 192-209.
  • Cason, T., Kannan, K., Siebert, R. (2011). An Experimental Study of Information Revelation Policies in Sequential Auctions. Management Science, vol. 57 667-688.
  • Cason, T., Gangadharan, L., Nikiforakis, N. (2011). Can Real-Effort Investments Inhibit the Convergence of Experimental Markets. International Journal of Industrial Organization, vol. 29 97-103.
  • Raymond, L. & Cason, T. (2011). Can Affirmative Motivations Improve Compliance in Emissions Trading Programs. Policy Studies Journal, vol. 39 659-678.
  • Cason, T. & Gangadharan, L. (2011). Price Discovery and Intermediation in Linked Emissions Trading Markets: A Laboratory Study. Ecological Economics, vol. 70 1424-1433.
  • Nishimura, N., Cason, T., Saijo, T. & Ikeda, I. (2011). Spite and Reciprocity in Auctions. Games, vol. 2 365-411.
  • Cason, T., Hopkins, E., Friedman, D. (2010). Testing the TASP: An Experimental Investigation of Learning in Games with Unstable Equilibria. Journal of Economic Theory, vol. 145 2309-2331.
  • Cason, T., Masters, W., Sheremeta, R. (2010). Entry into Winner-Take-All and Proportional-Prize Contests: An Experimental Study. Journal of Public Economics, vol. 94 604-611.
  • Cason, T. (2010). What Can Laboratory Experiments Teach Us About Emissions Permit Market Design. Agricultural and Resource Economics Review, vol. 39 151-161.
  • Cason, T. & Datta Mago, S. (2010). Costly Buyer Search in Laboratory Markets with Seller Advertising. Journal of Industrial Economics, vol. 58 424-449.
  • Casari, M. & Cason, T (2009). The Strategy Method Lowers Measured Trustworthy Behavior. Economics Letters, vol. 103 157-159.
  • Ule, A., Schram, A., Riedl, A. & Cason, T. (2009). Indirect Punishment and Generosity towards Strangers. Science, vol. 326 1701-1704.
  • Cason, T. & Mui, V.L. (2007). Communication and Coordination in the Collective Resistance Game. Experimental Economics, vol. 10 251-267.
  • Cason, T. & Sharma, T. (2007). Recommended Play and Correlated Equilibria: An Experimental Study. Economic Theory, vol. 33 11-27.
  • Cason, T. & Noussair, C. (2007). A Market with Frictions in the Matching Process: An Experimental Study. International Economic Review, vol. 48 665-691.
  • Cason, T., & Gangadharan, L. (2006). An Experimental Study of Compliance and Leverage in Auditing and Regulatory Enforcement. Economic Inquiry, vol. 44 352-366.
  • Cason, T., Saijo, T., Sjöström, T., & Yamato, T. (2006). Secure Implementation Experiments: Do Strategy-Proof Mechanisms Really Work?. Games and Economic Behavior, vol. 57 206-235.
  • Cason, T., & Datta, S. (2006). An Experimental Study of Price Dispersion in an Optimal Search Model with Advertising. International Journal of Industrial Organization, vol. 24 639-665.
  • Cason, T., & Gangadharan, L. (2006). Emissions Variability in Tradable Permit Markets with Imperfect Enforcement and Banking. Journal of Economic Behavior and Organization, vol. 61 199-216.
  • Cason, T., & Gangadharan, L. (2005). A Laboratory Comparison of Uniform and Discriminative Price Auctions for Reducing Non-Point Source Pollution. Land Economics, vol. 81 51-70.
  • Cason, T., & Plott, C. (2005). Forced Information Disclosure and Fallacy of Transparency in Markets. Economic Inquiry, vol. 43 699-714.
  • Cason, T., & Mui, V. (2005). Uncertainty and Resistance to Reform in Laboratory Participation Games. European Journal of Political Economy, vol. 21 708-737.
  • Cason, T., & Reynolds, S. (2005). Bounded Rationality in Laboratory Bargaining with Asymmetric Information. Economic Theory, vol. 25 553-574.
  • Cason, T., Friedman, D., & Wagener, F. (2005). The Dynamics of Price Dispersion, or Edgeworth Variations. Journal of Economic Dynamics and Control, vol. 29 801-822.
  • Cason, T., & Gangadharan, L. (2004). Auction Design for Voluntary Conservation Programs. American Journal of Agricultural Economics, vol. 86 1211-1217.
  • Cason, T., Saijo, T., Yamato, T., & Yokotani, K. (2004). Non-Excludable Public Good Experiments. Games and Economic Behavior, vol. 49 81-102.
  • Cason, T., Friedman, D., & Milam, G. (2003). Bargaining versus Posted Price Competition in Customer Markets. International Journal of Industrial Organization, vol. 21 223-251.
  • Cason, T., & Mui, V. (2003). Testing Political Economy Models of Reform in the Laboratory. American Economic Review Papers & Proceedings, vol. 93 208-212.
  • Cason, T., Gangadharan, L., & Duke, C. (2003). A Laboratory Study of Auctions for Reducing Non-Point Source Pollution. Journal of Environmental Economics and Management, vol. 46 446-471.
  • Cason, T. (2003). Buyer Liability and Voluntary Inspections in International Greenhouse Gas Emissions Trading: A Laboratory Study. Environmental and Resource Economics, vol. 25 101-127.
  • Cason, T., & Gangadharan, L. (2003). Transaction Costs in Tradable Permit Markets: An Experimental Study of Pollution Market Designs. Journal of Regulatory Economics, vol. 23 145-165.
  • Cason, T., & Friedman, D. (2003). Buyer Search and Price Dispersion: A Laboratory Study. Journal of Economic Theory, vol. 112 232-260.
  • Cason, T., Gangadharan, L., & Duke, C. (2003). Market Power in Tradable Emission Markets: A Laboratory Testbed for Emission Trading in Port Phillip Bay, Victoria. Ecological Economics, vol. 46 469-491.
  • Cason, T., & Mui, V. (2002). Fairness and Sharing in Innovation Games: A Laboratory Study. Journal of Economic Behavior and Organization, vol. 48 243-264.
  • Cason, T., & Gangadharan, L. (2002). Environmental Labeling and Incomplete Consumer Information in Laboratory Markets. Journal of Environmental Economics and Management, vol. 43 113-134.
  • Cason, T., & Tenorio, R. (2002). To Spin or Not to Spin? Natural and Laboratory Experiments from The Price Is Right. The Economic Journal, vol. 112 170-195.
  • Cason, T., Saijo, T., & Yamato, T. (2002). Voluntary Participation and Spite in Public Good Provision Experiments: An International Comparison. Experimental Economics, vol. 5 133-153.
  • Cason, T., & Friedman, D. (2002). A Laboratory Study of Customer Markets. Advances in Economic Anaylsis & Policy, vol. 2 (1), 1. | Related Website |
  • Cason, T., & Sharma, T. (2001). Durable Goods, Coasian Dynamics, and Uncertainty: Theory and Experiments. Journal of Political Economy, vol. 109 1311-1354.
  • Cason, T. (2000). The Opportunity for Conspiracy in Asset Markets Organized with Dealer Intermediaries. Review of Financial Studies, vol. 13 385-416.
  • Cason, T., & Arora, S. (1999). Do Community Characteristics Influence Environmental Outcomes? Evidence from The Toxics Release Inventory. Southern Economic Journal, vol. 65 691-716.
  • Cason, T., & Friedman, D. (1999). Learning in a Laboratory Market with Random Supply and Demand. Experimental Economics, vol. 2 77-98.
  • Cason, T., & Mason, C. (1999). Uncertainty, Information Sharing and Tacit Collusion in Laboratory Duopoly Markets. Economic Inquiry, vol. 37 258-281.
  • Cason, T., & Khan, F. (1999). A Laboratory Study of Voluntary Public Goods Provision with Imperfect Monitoring and Communication. Journal of Development Economics, vol. 58 533-552.
  • Cason, T., & Mui, V. (1998). Social Influence in The Sequential Dictator Game. Journal of Mathematical Psychology, vol. 42 248-265.
  • Cason, T., & Gangadharan, L. (1998). An Experimental Study of Electronic Bulletin Board Trading for Emission Permits. Journal of Regulatory Economics, vol. 14 55-73.
  • Cason, T., & Mui, V. (1997). A Laboratory Study of Group Polarization in the Team Dictator Game. The Economic Journal, vol. 107 1465-1483.
  • Cason, T., & Friedman, D. (1997). Price Formation in Single Call Markets. Econometrica, vol. 65 311-345.
  • Cason, T., & Plott, C. (1996). EPA's New Emissions Trading Mechanism: A Laboratory Evaluation. Journal of Environmental Economics and Management, vol. 30 133-160.
  • Cason, T., & Arora, S. (1996). Why Do Firms Volunteer to Exceed Environmental Regulations? Understanding Participation in EPA'S 33/50 Program. Land Economics, vol. 72 413-432.
  • Cason, T., & Friedman, D. (1996). Price Formation in Double Auction Markets. Journal of Economic Dynamics and Control, vol. 20 1307-1337.
  • Cason, T., & Arora, S. (1995). An Experiment in Voluntary Environmental Regulation: Participation in EPA's 33/50 Program. Journal of Environmental Economics and Management, vol. 28 271-286.
  • Cason, T., & Davis, D. (1995). Price Communications in a Multi-Market Context: An Experimental Investigation. Review of Industrial Organization, vol. 10 769-787.
  • Cason, T. (1995). An Experimental Investigation of the Seller Incentives in EPA's Emission Trading Auction. American Economic Review, vol. 85 905-922.
  • Cason, T. (1995). Cheap Talk Price Signaling in Laboratory Markets. Information Economics and Policy, vol. 7 183-204.
  • Cason, T. (1994). The Impact of Information Sharing Opportunities on Market Outcomes: An Experimental Study. Southern Economic Journal, vol. 61 18-39.
  • Cason,T. (1994). The Strategic Value of Asymmetric Information Access for Cournot Competitors. Information Economics and Policy, vol. 6 3-24.
  • Cason, T. (1993). Seller Incentive Properties of EPA's Emission Trading Auction. Journal of Environmental Economics and Management, vol. 25 177-195.
  • Cason, T. (1992). Call Market Efficiency with Simple Adaptive Learning. Economics Letters, vol. 40 27-32.
  • Cason, T., & Uhlaner, R. (1991). Agricultural Production's Impact on Water and Energy Demand: A Choice Modeling Approach. Resources and Energy, vol. 13 307-321.
  • Cason, T., & Williams, A. (1990). Competitive Equilibrium Convergence in a Posted-Offer Market with Extreme Earnings Inequities. Journal of Economic Behavior and Organization, vol. 14 331-352.


  • Cason, T., & Noussair, C. (2001). Advances in Experimental Markets. Springer-Verlag, Berlin.

Book Chapters

  • Cason, T., Raymond, L. (2011). Framing Effects in an Emissions Trading Experiment with Voluntary Compliance. Research in Experimental Economics, Emerald Group Publishing, Bingley, UK. 77-114.
  • Cason, T. (2008). Price Signaling and 'Cheap Talk' in Laboratory Markets. North-Holland, Amsterdam. 164-169.
  • Cason, T. (2008). Trading Institutions and Emission Allowances. North Holland, Amsterdam. 661-668.
  • Cason, T., & Friedman, D. (2008). A Comparison of Market Institutions. North-Holland, Amsterdam. 264-272.
  • Cason, T., Duke, C. & Gangadharan, L. (2008). A Test Bed Experiment for Water and Salinity Rights Trading in Irrigation Regions of the Murray Darling Basin, Australia. Routlege, London. 77-99.
  • Cason, T., & Noussair, C. (2001). The Experimental Study of Market Behavior. Springer-Verlag, Berlin. 1-14.
  • Cason, T., & Friedman, D. (1999). Customer Search and Market Power: Some Laboratory Evidence. JAI Press, Stamford, CT. vol. 8 71-99. | Related Website |
  • Cason, T., & Friedman, D. (1999). Price Formation and Exchange in Thin Markets: A Laboratory Comparison of Institutions. Edward Elgar, Cheltenham, UK. 155-179. | Related Website |
  • Cason, T., & Arora, S. (1999). A Voluntary Approach to Environmental Regulation: The 33/50 Program. Resources for the Future, Washington, DC. 97-103.
  • Cason, T., Elliot, S., & Van Boening, M. (1999). Speculation in Experimental Markets for Emission Permits. JAI Press, Stamford, CT. vol. 7 93-119.
  • Cason, T., & Friedman, D. (1993). An Empirical Analysis of Price Formation in Double Auction Markets. Addison-Wesley, Reading, MA. 253-283.

Book Review

  • Cason, T (2000). The Alternating Double Auction Market: A Game Theoretic and Experimental Investigation. Journal of Economics, vol. 71 84-86.

Other Publications

  • Cason, T., & Noussair, C. (2000). Experimental Markets: Introduction. Economic Theory, vol. 16 503-509.
  • Experimental Economics and Emissions Trading

    Video by Tim Cason for the Purdue Research Center in Economics

Phone: (765) 49-41737
Office: RAWL 4093

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Area(s) of Expertise

Economics, environment, regulation, antitrust, laboratory experiments