1. Session 1 Supply Demand 25 18 Missing Profit = $26
Session 1: Last Round
Contract  P BV SC 1 19 20 13 2 11 3 25 45 4 31 23 5 17 30 6 18 7 24 8 40 9 10 14 12 35 28 26 15 32 16 29
Supply
Demand
Session 1: Base Experiment
Competitive Equilibrium Prediction
Actual Outcome: Last Round
Average Price
23.00
23.89
Number of Trades 16 18
Total Profits
347
321 25 18
Missing Profit = $26

2. Session 2 Supply Demand 35 28 Missing Profit = $26
Session 2: Last Round
Contract  P BV SC 1 29 30 28 2 25 45 18 3 27 23 4 36 33 5 39 40 6 31 35 7 8 38 9 10 11 34 12 24
Demand 35 28
Session 2: Sales Tax
Competitive Equilibrium Prediction
Actual Outcome: Last Round
Average Price
33.00
30.75
Number of Trades 10 12
Total Profits
155
129
Missing Profit = $26

3. Surplus = 10 Shortage = 10 Supply Demand
Session 3: Price Ceiling = $16
Theoretical Prediction
Actual Outcome: Last Round
Average Price
16.00
14.70
Number of Trades 9 10
Total Profits
288
240
Session 4: Price Floor = $32
Theoretical Prediction
Actual Outcome: Last Round
Average Price
32.00
33.90
Number of Trades 10
Total Profits
305
250