Round Subject Type NumberOfTProfit

1 1 1 2 22
1 3 1 4 37
1 5 1 2 -3
1 7 1 4 45 Sellers' Surplus
1 9 1 3 2 Round 1 308
1 11 1 2 27 Round 2 239
1 13 1 3 -30 Round 3 403
1 15 1 3 9
1 17 1 2 17 Theoretical Values
1 19 1 3 -5 Sellers' Surplus
1 21 1 2 12 480
1 23 1 2 36
1 25 1 2 12
1 27 1 3 4
1 29 1 5 57
1 31 1 3 30
1 33 1 3 36
2 1 1 4 -26
2 3 1 3 66
2 5 1 2 12
2 7 1 4 35
2 9 1 3 7
2 11 1 3 31
2 13 1 3 11
2 15 1 2 2
2 17 1 1 9
2 19 1 2 4
2 21 1 2 17
2 23 1 3 2
2 25 1 2 6
2 27 1 3 12
2 29 1 3 19
2 31 1 3 16
2 33 1 3 16
3 1 1 2 18
3 3 1 3 45
3 5 1 2 20
3 7 1 3 46
3 9 1 2 20
3 11 1 2 37
3 13 1 2 10
3 15 1 2 7
3 17 1 2 14
3 19 1 2 4
3 21 1 2 15
3 23 1 2 28
3 25 1 2 21
3 27 1 4 20
3 29 1 4 21
3 31 1 3 40
3 33 1 3 37
1 2 2 3 44
1 4 2 5 22
1 6 2 4 37
1 8 2 4 48
1 10 2 2 41
1 12 2 3 57
1 14 2 2 22
1 16 2 2 12
1 18 2 2 70
1 20 2 2 35
1 22 2 3 57
1 24 2 3 16
1 26 2 3 88
1 28 2 2 17
1 30 2 5 12
1 32 2 3 3
2 2 2 3 40
2 4 2 3 51
2 6 2 3 38
2 8 2 3 49
2 10 2 2 23
2 12 2 3 39
2 14 2 2 28
2 16 2 2 35
2 18 2 3 77
2 20 2 3 53
2 22 2 4 46
2 24 2 3 79
2 26 2 3 79
2 28 2 2 12
2 30 2 3 38
2 32 2 4 41
3 2 2 2 27
3 4 2 3 37
3 6 2 2 30
3 8 2 2 56
3 10 2 2 14
3 12 2 3 37
3 14 2 2 25
3 16 2 2 14
3 18 2 3 49
3 20 2 4 51
3 22 2 3 59
3 24 2 3 54
3 26 2 3 46
3 28 2 2 16
3 30 2 3 48
3 32 2 3 18
 Equilibrium Price : 62

Buyers' Surplus Total Surplus

581 889
728 967
581 984
5. (B, 5p.) Calculate the surpluses which have been realized by selle
every round. Do they match the theoretical values from above?

For this exersice you have to look at Profits_CompetiveMarket

Buyers' Surplus Total Surplus Type gives the trader type: 1=seller, 2=buyer.
528 1008
hich have been realized by sellers and buyers in
oretical values from above?

Profits_CompetiveMarket
2=buyer.