Analysis of Experiment 7
First four players: 2 identical sellers, 2 different buyers
|
Sellers |
Buyer 1 |
Buyer 2 |
|
|
Unit |
Cost |
Redemption Value |
Redemption Value |
|
1 |
$0.47 |
$1.07 |
$1.11 |
|
2 |
0.51 |
1.03 |
1.00 |
|
3 |
0.57 |
0.99 |
0.87 |
|
4 |
0.65 |
0.93 |
0.75 |
|
5 |
0.75 |
0.83 |
0.64 |
|
6 |
0.85 |
0.75 |
0.53 |
|
7 |
0.97 |
0.65 |
0.45 |
|
8 |
1.09 |
0.53 |
0.39 |
|
9 |
1.21 |
0.39 |
Market Demand Schedule
|
Price |
Quantity |
|
$1.11 |
1 |
|
1.07 |
2 |
|
1.03 |
3 |
|
1.00 |
4 |
|
0.99 |
5 |
|
0.93 |
6 |
|
0.87 |
7 |
|
0.83 |
8 |
|
0.75 |
10 |
|
0.65 |
11 |
|
0.64 |
12 |
|
0.53 |
14 |
|
0.45 |
15 |
|
0.39 |
17 |
Market Supply Schedule
|
Price |
Quantity |
|
$0.47 |
2 |
|
0.51 |
4 |
|
0.57 |
6 |
|
0.65 |
8 |
|
0.75 |
10 |
|
0.85 |
12 |
|
0.97 |
14 |
|
1.09 |
16 |
|
1.21 |
18 |