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