Instructions - Page 1 of 4
The experiment consists of
The experiment is for
players, who are both
in the same market. Your earnings depend on the decisions made by
the other seller
Multiple Random Matchings
You will be
at the start of each round with another person selected
from the other participants. There will be a
random matching each round, so you may
or may not
be matched with the same person in two consecutive rounds. The matchings are random, so you are no more likely to be matched with one participant than with another.
You begin each round by choosing a
inclusive. You cannot see the other seller's price when choosing your price and vice versa.
The buyer purchases an
. The quantity purchased from
of the 2 prices demanded by the sellers: the higher the total price, the lower the quantity.
is defined by the following formula:
Your sales quantity = 15.00 - (total price).