Experimental Data 1 - Experiments with Economic Principles...

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Experiments with Economic Principles Data File Group 1 Data Experiment 1 Number of complete 6-packs distributed: 7 Type of last sheet distributed: d Session 1 Distribution of Demander Types Buyer Value Number of Demanders 40 8 20 16 Distribution of Supplier Types Seller Cost Number of Suppliers 10 15 30 7 Session 2 Distribution of Demander Types Buyer Value Number of Demanders 40 15 20 8 Distribution of Supplier Types Seller Cost Number of Suppliers 10 8 30 15 Session 1 Last Round Price Seller Cost Buyer Value 15 10 20 17 10 20 19 10 40 35 30 40 20 10 40 18 10 20 20 10 40 17 10 20 35 10 40 16 10 20 15 10 20 17 10 20 25 10 40 33 30 40 25 10 40 15 10 20 18 10 20 Table 1.8, 1.13 Session 1 Experimental Competitive Outcome Prediction Mean Price 21.18 20
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Number of Transaction 17 15 Total Profit of all Sellers 150 150 Total Profit of all Buyers 140 160 Total Profit of all Traders 290 310 Market Efficiency % 93.55 100 Table 1.15 Session 1 Experimental Competitive Outcome Prediction Num. of Low-Cost Sellers
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This note was uploaded on 02/16/2010 for the course ECO 49970 taught by Professor Trejo during the Spring '10 term at University of Texas at Austin.

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Experimental Data 1 - Experiments with Economic Principles...

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