Game | Outcome | Groups (n) | |||
---|---|---|---|---|---|
Group 1 | Group 2 | Group 3 | Group 4 | ||
Game currency to real payoff | 100,000 $ = 1 US$ | 1 $ = 1 US$ | |||
Role | Regulator | Seller | Regulator | Seller | |
Round 1 to 5 (1st game) | Reser-vation price (x) | WTP (97) | WTA (101) | WTP (105) | WTA (101) |
Round 1 to 5 (2nd game) | Price offer (y) | Offer (97) | Offer (101) | Offer (105) | Offer (101) |