Friends,

Here is the data for Experiment 1: Supply and Demand (26 August, 1998).

IMPORTANT NOTES:

1) We only ran one round of each session (normally,
we would have run two rounds of each session).  Some of
the questions in the lab report and homework ask about
the last round.  For any of these questions, just use 
the data for the first round (which is, of course, both
the first and last round in the session).  A few questions
ask you to compare what happened in the first round to what
happened in the last round---just ignore these.  

2) For some conditions, equilibrium prices may be a range of 
values.  You should clearly indicate that this is the case, 
but then only use the midpoint of these values when you go 
about calculating profits, etc.

3) The x-axis scale on Figure H1.1 and H1.2 (p 40, p 44) is 
too small, please rescale it by doubling each number (that is, 
it should be 10, 20, 30, 40, instead of 5, 10, 15, 20).

4) Answer question 1, p 48, by using the demanders and suppliers 
that we had in Session 1 of the experiment.  

Data for Table L1.1:

Session 1, Round 1
                Buyer   Seller
Trade	Price	Value	Cost
1	18	20	10
2	15	20	10
3	22	40	10
4	20	40	10
5	20	40	10
6	35	40	30
7	25	40	10
8	25	40	10
9	25	40	10
10	19	20	10
11	16	20	10
12	19	20	10
13	21.5	40	10
14	19	20	10
15	20	20	10
16	19	20	10


Data for Table L1.2:  (same as L1.1, but you don't have to fill it in twice)


Data for Table L1.4:

Type              Number        Value    Cost
low-cost sup       15            --       10
high-cost sup       7            --       30
high-val demand     8            40       --
low-val dem        16            20       --



[Note: I replaced our class data for 1.5 with 
a prior experiment, as I noticed that there were
many misreported trades in our data.]

Data for Table L1.5:

Session 2, Round 1
                Buyer   Seller
Trade	Price	Value	Cost
1	25	40	10
2	30	40	30
3	30	40	10
4	35	40	30
5	25	40	10
6	30	40	10
7	15	20	10
8	35	40	30
9	15	40	10
10	30	40	30
11	35	40	30
12	26	40	10
13	30	40	30
14	27	40	10
15	30	40	30
16	35	40	30



Data for Table L1.6:  (same as L1.5, but you don't have to fill it in twice)


Data for Table L1.8:

Type              Number        Value    Cost
low-cost sup        8            --       10
high-cost sup      15            --       30
high-val demand    15            40       --
low-val dem         8            20       --

End of file..................