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

You have been assigned to the treatment group 2!


In this treatment group there will be one {{Constants.p1}} and two supermarkets, i.e. {{ Constants.p2 }} and {{ Constants.p3 }}.


Here is a recap of the main information:

Market situation:

The {{Constants.p1}} can produce a bottle of wine for {{ Constants.production_cost }}.

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

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

Decision timeline:

1. Both supermarkets will be asked about the highest wholesale price they are willing to accept (the other participants will not know).

2. The {{ Constants.p1 }} will offer a wholesale price to {{ Constants.p2 }} first.

2.1 The {{ Constants.p2 }} will decide to either accept or reject the offer.

3. Only in case the {{ Constants.p2 }} rejects the offer, the {{ Constants.p1 }} will offer a wholesale price to {{ Constants.p3 }}.

3.1 The {{ Constants.p3 }} will decide to either accept or reject the offer.

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 {{Constants.p1}}, the {{ Constants.p2 }} or the {{ Constants.p3 }}.

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