hwk5sec9

hwk5sec9 - Experiment 8. Blue Cel s have instructions....

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Unformatted text preview: Experiment 8. Blue Cel s have instructions. Enter data in yel ow cel s. Keep going until you hit the Finish Line. Enter Section Number 9 Copy rows from Table 8.2 (no header row) and paste into A11 Table 8.2 Distribution of Demander Types Buyer V. Number of Buyers 24 11 18 11 12 11 8 11 Copy rows (no header) from Table 8.3 (Session 1, Round 1) and paste into A18. owner id price 1 price 2 price 3 price 4 952 10 10 10 7 948 12.5 7.5 7.5 7.5 945 7 9 942 10 10 9 17 932 10 11 10 10 931 7 10 10 923 10 10 10 6 913 8 5.75 911 12 10 6 15 910 12 11 7 1 903 7 6 7 11 11 11 9 7count 105.5 100.25 76.5 63.5 sum Copy rows (no header) from Table 8.4( Session 1, Round 2) and paste into A37. owner id price 1 price 2 price 3 price 4 948 10 10 7.5 7 947 12 9 10 9.5 946 18 8 9 8.5 943 11 11 7 10 936 7 7 7 7 931 8 8 8 7 923 10 8 7 11 911 10 10 8 16 903 10 9.5 7 7 901 8 8 18 7 10 10 10 10 10 count 104 88.5 88.5 90 sum Copy rows (no header) from Table 8.5 (Session 2, Round 1) and paste into A55. owner id price 1 price 2 price 3 price 4 948 11 11 11 15 942 13.5 10.5 10.5 9 937 15 10 11 8 936 14 11 11 12 923 12 11 11 23 903 11 11 11 23 901 11 18 11 11 7 7 7 7 7count 87.5 82.5 76.5 101 sum Copy rows (no header) from Table 8.6 (Session 2, Round 2) and paste into A74. owner id price 1 price 2 price 3 price 4 948 0.01 0.01 0.01 0.01 947 13 24 11 13 936 12 12 913 12 11 11 11.5 911 12 14 12.5 16 903 12 12 12 15 901 17 12 12 12 7 7 7 6 6 count 78.01 85.01 58.51 67.51 sum mean Meals Total price Sold Profits Restaurants S1R1 9.098684 38-64.25 11 S1R2 9.275 40-29 10 S2R1 12.41071 28-16.5 7 S2R2 11.11692 26-58.96 7 First you have to determine the short run equilibria for each round of Session 1. You also have to do the long-run equilibrium. You fil in the answers in Table 8.7 below. These calculations aren't auto- mated. You'l have to figure some of this out yourself. First check the graph to the right The dashed red line is the SR supply for round 1....
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This note was uploaded on 12/25/2011 for the course ECON 1 taught by Professor Bergstrom during the Fall '07 term at UCSB.

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hwk5sec9 - Experiment 8. Blue Cel s have instructions....

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