PARAMETERS FOR 981130 experiment
type/ number private Z market private X market private Y market endowments
consumer 1
eight 		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
eight 		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
eight 		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
eight 		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 The markets were closed for a time due to a scheduled power outage.
During a one hour period the experimenter purchased from all markets in sufficient quantities to double the money supply.

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