Sellers make money in experiment by selling units at prices greater than their costs plus today’s tax per unit. The cost per unit is provided on a screen, as described below. A Seller’s Seller’s unit cost information is private and will be revealed only to the Seller. A profit from Seller’s trading a unit is computed by subtracting the cost for that unit and the unit tax from the Seller’s purchase price. How does a Buyer make money in experiment? today’s Buyers make money in experiment by buying units at prices lower than the today’s Buyer’s values per unit. A from buying a unit is computed by subtracting the purchase Buyer’s profit price from the value for that unit. Buyer’s How does a Seller like yourself trade in the market? Below we explain how a Seller interacts with the trading screen to post an Offer to the market. The Sellers post their Offers to the market simultaneously, and this period of the experiment is called the posting period. The posting period lasts two and one-half minutes. There will be many rounds of the experiment and thus many opportunities to post Offers to the market. The numbers used in the example below are for instructional purposes only and may not be the same numbers you will see during the experiment. Figure 1 Seller’s . Time Remaining to Post an Offer During each round of experiment, Sellers are given an opportunity to post Offers to the today’s market. Sellers are given two and one-half minutes to complete this task. The highlighted area of the trading screen in Figure 1 above displays the status of the experiment and the time remaining for the Sellers to complete their decisions. Figure 2 Seller’s . Selling in the market The highlighted area of the screen in Figure 2 above provides information on the costs Seller’s and tax per unit. A Seller should consider this information before posting an Offer to the
Sellers make money in today’s experiment by selling units at prices greater than their costs plus tax per unit. The Seller’s cost per unit is provided on a screen, as described below. A Seller’s unit cost information is private and will be revealed only to the Seller. A Seller’s profit from trading a unit is computed by subtracting the Seller’s cost for that unit and the unit tax from the purchase price. How does a Buyer make money in today’s experiment? Buyers make money in today’s experiment by buying units at prices lower than the Buyer’s values per unit. A Buyer’s profit from buying a unit is computed by subtracting the purchase price from the Buyer’s value for that unit. How does a Seller like yourself trade in the market? Below we explain how a Seller interacts with the trading screen to post an Offer to the market. The Sellers post their Offers to the market simultaneously, and this period of the experiment is called the posting period. The posting period lasts two and one-half minutes. There will be many rounds of the experiment and thus many opportunities to post Offers to the market. The numbers used in the example below are for instructional purposes only and may not be the same numbers you will see during the experiment. Seller’s Figure 1 . Time Remaining to Post an Offer During each round of today’s experiment, Sellers are given an opportunity to post Offers to the market. Sellers are given two and one-half minutes to complete this task. The highlighted area of the trading screen in Figure 1 above displays the status of the experiment and the time remaining for the Sellers to complete their decisions. Seller’s Figure 2 . Selling in the market The highlighted area of the screen in Figure 2 above provides information on the Seller’s costs and tax per unit. A Seller should consider this information before posting an Offer to the
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