Instructions - Page 1 of 8
The experiment consists of
One Seller and Two Buyers
This is an experiment for
. In each round, the Seller may sell
a maximum of 2 identical items to each buyer
, that is, a maximum of 4 items in all.
Your role will be that of
. You will begin each round by choosing a price or prices. You may be told to choose a single price per item, regardless of the quantity or the identity of the buyer, or you may be able to discriminate by charging different prices for different buyers or different quantities.
Buyer A and Buyer B
There are two buyers, called
, whose roles will be taken by the computer.
Your profit depends on the number of items you sell and the price or prices you choose.