{% extends "global/Page.html" %} {% load staticfiles otree_tags %} {% block title %} Introduction {% endblock %} {% block content %}

You have been assigned to the treatment group 1!


Here is a recap of the main information:

Market situation:

The Vintner can produce a bottle of wine for {{ Constants.production_cost }}.

The Supermarket can sell a bottle of wine for {{ Constants.market_price }}.

The market has a fixed demand of {{ Constants.units }} units.

Decision timeline:

1. The supermarket will be asked about the highest wholesale price he is willing to accept (the vintner will not know).

2. The vintner will propose a wholesale price to which the supermarket can buy the wine at.

3. The supermarket will decide to either accept or reject the proposal.

Results:

Each players revenue and real payoff will be calculated based on the outcome of the negotiation. A short overview of the calculations will be displayed on the next pages.


On the next page, you will be assigned to a role, i.e. the vintner or the supermarket.

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