{{ block title }}Introduction{{ endblock }}
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<p>
    Thank you for participating in our experiment.
    This experiment consists of a game we call 'the market game'.
    Throughout this experiment you will play this game three times.
    Each game consists of multiple rounds and each round consists of four separate stages. 
    The number of rounds will be randomly determined: At the end of each round there is a 90% chance that another round will be played, and a 10% chance that the game ends.
</p>

<p>
    In each game you are randomly and anonymously paired with two other participants.
    Each of you will represent a firm. All firms manufacture the same product to be sold in the same market.
    You have the goal of maximizing your own profit throughout the game.
</p>

<p>
    At the beginning of a round you have the choice to form a cartel with the two other firms in your market (as long as you are not already in a cartel).
    Firms in a cartel can communicate before setting their prices independently.
    However, such cartels are illegal and forming one bears a certain risk.
    At the end of each round, there is a 15% chance that the cartel is discovered and fined by a competition authority.
</p>

<p>
    The four stages of each round are: 1. Cartel Formation, 2. Quantity Decision, 3. Antitrust Action, 4. Results.
    You will receive more detailed information about the nature of cartels, fine structure, etc., as you go along.
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