{% 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.
{% next_button %} {% endblock %}