Experiment 4: Prohibition The experiment was conducted on 11 October, 1996, at Carnegie Mellon University by John H. Miller Data for Table L4.1 Participating Suppliers and Demanders: Participant Type Number Suppliers 11 Addicted Dem 8 Non-add Dem 8 Data for Table L4.2: Drug Transactions--Session 1, Last Round: (No Prohibition) Buyer Seller Trans Price Value Cost 1 15 30 10 2 12 30 10 3 14 30 10 4 14 30 10 5 14 30 10 6 13 15 10 7 13 30 10 8 12 15 10 9 13 15 10 10 13 30 10 11 13 15 10 12 12 15 10 13 12 15 10 14 11 15 10 15 13 15 10 16 11 30 10 Data for Table L4.3: Drug Transactions--Session 2, Last Round: (Prohibition with Confiscation) Buyer Seller Trans Price Value Cost 1 26 30 10 2 26 30 10 3 25 30 10 4 28 30 10 5 26 30 10 6 25 30 10 7 25 30 10 8 35 30 10 Note: All seller costs need to be increased to $25 total, to reflect the cost of the confiscated unit and fine Note about transaction 8: In this transaction, the seller had contracts with a non-addict at $15 and an addict at $35. Here, the non-addict's deal was confiscated. Data for Table L4.4: Drug Transactions--Session 3, Last Round: (Prohibition with Confiscation and Resale) Buyer Seller Trans Price Value Cost 1 26 30 10 2 26 30 0 3 26 30 10 4 26 30 0 5 15 30 10 6 40 30 0 7 25 30 10 8 25 30 0 Note: All the $10 seller costs need to be increased to $25 total, to reflect the cost of the confiscated unit and fine. The $0 seller costs reflect units resold by the police. Note about transaction 5: In this transaction, the seller had contracts with a non-addict at $15 and an addict at $40. Here, the addict's deal was confiscated. This seller revealed at the end of the experiment that he was concerned that there were no other addicts available, and hence he tried to cut a deal with what he thought was an addict and non-addict (who, in fact was an addict and got a great deal). End of file..................