PARAMETERS FOR 031124 experiment
type/ number private Z market private X market private Y market endowments
consumer 1
nine
could sell for cents = 100 Z
(buy orders were in private market)
could buy for
cents (approx)
total cents =
9X+2X2
(individual orders were approximately the derivative of this)
could buy for
cents (approx)
total cents =
32Y + 5/2 Y2
(individual orders were approximately the derivative of this)
10 "bonds" (50:50 chance at 50 cents or nothing)
300 francs
consumer 2
nine
could sell for cents = 100 Z
(buy orders were in private market)
could buy for
cents (approx)
total cents =
9X+2X2
(individual orders were approximately the derivative of this)
could buy for
cents (approx)
total cents =
30Y+ 5/2Y2
(individual orders were approximately the derivative of this)
10 "bonds" (50:50 chance at 50 cents or nothing)
300 francs
producer 1
nine
could produce from X and Y
Z =  2 X1/2 Y1/3
could sell
1 at 300
7 and 100
many at 75
could sell
6 at 100
many at 75
10 "bonds" (50:50 chance at 50 cents or nothing)
300 francs
producer 2
nine
could produce from X and Y
Z =  2.3 X1/3 Y1/2
could sell
1 at 150
6 at 100
many at 75
could sell
6 at 100
many at 75
10 "bonds" (50:50 chance at 50 cents or nothing)
300 francs
comments Money supply increased 50% of original supply at period 5 and again at period 7 beginnings. This happened by just depositing the francs in accounts without mentioning it.

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