The results of a numerical study of the magnetic dynamo effect in cylindrical von Karman plasma flow are presented with parameters relevant to the Madison Plasma Couette Experiment. This experiment is designed to investigate a broad class of phenomena in flowing plasmas. In a plasma, the magnetic Prandtl number Pm can be of order unity (i.e., the fluid Reynolds number Re is comparable to the magnetic Reynolds number Rm). This is in contrast to liquid metal experiments, where Pm is small (so, Re>>Rm) and the flows are always turbulent. We explore dynamo action through simulations using the extended magnetohydrodynamic NIMROD code for an isothermal and compressible plasma model.We also study two-fluid effects in simulations by including the Hall term in Ohms law. We find that the counter-rotating von Karman flow results in sustained dynamo action and the self-generation of magnetic field when the magnetic Reynolds number exceeds a critical value. For the plasma parameters of the experiment, this field saturates at an amplitude corresponding to a new stable equilibrium (a laminar dynamo). We show that compressibility in the plasma results in an increase of the critical magnetic Reynolds number, while inclusion of the Hall term in Ohms law changes the amplitude of the saturated dynamo field but not the critical value for the onset of dynamo action.