{% load otree_tags staticfiles %}

<div class="instructions well well-lg">

    <h3 class="panel-sub-heading">
        Overview of calculations
    </h3>

    <p>
        <b>REVENUES:</b>
    </p>

    <p>
        <b>1. Case - agreement between {{ Constants.p1 }} and the {{ Constants.p2 }}:</b>
    </p>
    <p style="margin-left: 20px">
        <u>{{ Constants.p1 }}</u>: revenue  =  <I>wholesale price</I> &times {{ Constants.units }} units  -  {{ Constants.production_cost }}
        &times {{ Constants.units }} units
    </p>
    <p style="margin-left: 20px">
       <U>{{ Constants.p2 }}</U>: revenue  =  {{ Constants.market_price }} &times {{ Constants.units }} units  -
        <i>wholesale price</i> &times {{ Constants.units }} units
    </p>
    <p style="margin-left: 20px">
       <U>{{ Constants.p3 }}</U>: revenue  =  {{ Constants.payoff_if_rejected }}
    </p>

    <p>
        <b>2. Case - agreement between the {{ Constants.p1 }} and the {{ Constants.p3 }}:</b>
    </p>
    <p style="margin-left: 20px">
        <u>Constants.p1</u>: revenue  =  <I>wholesale price</I> &times {{ Constants.units }} units  -  {{ Constants.production_cost }}
        &times {{ Constants.units }} units
    </p>
    <p style="margin-left: 20px">
       <U>{{ Constants.p2 }}</U>: revenue  =  {{ Constants.payoff_if_rejected }}
    </p>
    <p style="margin-left: 20px">
    <U>{{ Constants.p3 }}</U>: revenue  =  {{ Constants.market_price }} &times {{ Constants.units }} units  -
        <i>wholesale price</i> &times {{ Constants.units }} units
    </p>

    <p>
        <b>3. Case - no agreement</b>
    </p>
    <p>
        If no agreement is reached, each participants revenue is equal to {{ Constants.payoff_if_rejected }}.
    </p>

    <p><br></p>

    <p>
        <b>REAL PAYOFFS:</b>
    </p>
    <p style="margin-left: 20px">
        payoff  =  revenue &times 0.02  +  #bonus for participating in the experiment
    </p>








</div>