Min Max

Value Good 400 600

value Bad 200 300
Cost Good 200 400
Cost Bad 100 200

Cost and Value (Bad)

Value µ 250 (500/2) Consumer Surplus 50

cost µ 150 (300/2) Producer Surplus 50
Price 200 (500-300) Total Welfare 100
 Min Max
Value Good 400 600
value Bad 200 300
Cost Good 200 400
Cost Bad 100 200

Cost and Value (Good)

Value µ 500 (1000/2) Consumer Surplus 100

Cost µ 300 (600/2) Producer Surplus 100
Price 400 (1000-600) Total Welfare 200
If a government has the possibility to force poeple to produce cars with
maintenance. In our example we can see very clearly that it is preferable
to produce cars with maintenance. we observe that it increase our total
welfare which shows that it is befitial for the whole market.
ValueGoodValueBad CostGood CostBad Period Welfare bad/ no maintenance
559 204 0 0 1 value bad 3174
401 247 0 0 1 cost bad 1947
522 249 0 0 1 Total welfa 1227
565 201 0 0 1
471 231 0 0 1 Welfare good/ maintenance
424 223 0 0 1 Value good 6305
462 292 0 0 1 Cost good 3968
496 265 0 0 1 total welfa 2337
489 281 0 0 1
541 210 0 0 1
481 264 0 0 1
434 234 0 0 1
460 273 0 0 1
0 0 352 163 1
0 0 318 156 1
0 0 345 108 1
0 0 208 179 1
0 0 212 167 1
0 0 355 138 1
0 0 206 132 1
0 0 235 105 1
0 0 317 135 1
0 0 397 166 1
0 0 393 154 1
0 0 376 180 1
0 0 254 164 1
494 233 0 0 2
469 201 0 0 2
591 248 0 0 2
425 265 0 0 2
552 252 0 0 2
545 290 0 0 2
591 215 0 0 2
499 263 0 0 2
577 264 0 0 2
538 280 0 0 2
580 203 0 0 2
496 236 0 0 2
483 254 0 0 2
0 0 293 143 2
0 0 313 197 2
0 0 208 194 2
0 0 391 157 2
0 0 324 195 2
 0 0 221 102 2
0 0 312 168 2
0 0 374 128 2
0 0 259 182 2
0 0 240 191 2
0 0 261 156 2
0 0 263 147 2
0 0 395 159 2
471 224 0 0 3
536 274 0 0 3
501 247 0 0 3
412 280 0 0 3
588 253 0 0 3
545 288 0 0 3
470 293 0 0 3
481 249 0 0 3
445 262 0 0 3
517 259 0 0 3
440 273 0 0 3
518 212 0 0 3
573 203 0 0 3
0 0 296 104 3
0 0 303 182 3
0 0 386 108 3
0 0 302 135 3
0 0 394 158 3
0 0 259 200 3
0 0 354 160 3
0 0 291 168 3
0 0 237 133 3
0 0 400 147 3
0 0 375 159 3
0 0 215 113 3
0 0 293 160 3
421 296 0 0 4
571 230 0 0 4
496 232 0 0 4
443 275 0 0 4
492 249 0 0 4
404 294 0 0 4
440 245 0 0 4
477 222 0 0 4
547 244 0 0 4
502 262 0 0 4
576 208 0 0 4
565 260 0 0 4
582 211 0 0 4
0 0 252 118 4
0 0 219 187 4
0 0 365 198 4
0 0 342 113 4
0 0 280 175 4
0 0 264 120 4
0 0 365 108 4
0 0 240 142 4
0 0 387 164 4
0 0 333 195 4
0 0 209 185 4
0 0 325 103 4
0 0 216 144 4
471 228 0 0 5
420 210 0 0 5
473 238 0 0 5
520 281 0 0 5
586 242 0 0 5
472 217 0 0 5
593 232 0 0 5
494 283 0 0 5
477 231 0 0 5
510 272 0 0 5
553 226 0 0 5
429 202 0 0 5
419 261 0 0 5
0 0 290 186 5
0 0 343 167 5
0 0 318 191 5
0 0 285 154 5
0 0 226 137 5
0 0 278 104 5
0 0 319 122 5
0 0 318 174 5
0 0 282 140 5
0 0 394 117 5
0 0 317 150 5
0 0 371 188 5
0 0 347 196 5
520 221 0 0 6
444 283 0 0 6
531 239 0 0 6
431 253 0 0 6
517 285 0 0 6
589 208 0 0 6
573 227 0 0 6
466 293 0 0 6
543 251 0 0 6
502 233 0 0 6
595 298 0 0 6
460 239 0 0 6
588 253 0 0 6
0 0 357 182 6
0 0 327 153 6
0 0 260 151 6
0 0 328 145 6
0 0 387 138 6
0 0 318 116 6
0 0 367 165 6
0 0 379 163 6
0 0 285 122 6
0 0 207 113 6
0 0 336 199 6
0 0 345 105 6
0 0 280 104 6
483 230 0 0 7
509 286 0 0 7
468 224 0 0 7
514 201 0 0 7
537 270 0 0 7
564 257 0 0 7
588 255 0 0 7
516 207 0 0 7
500 256 0 0 7
527 280 0 0 7
452 219 0 0 7
458 298 0 0 7
440 255 0 0 7
0 0 290 163 7
0 0 302 190 7
0 0 364 133 7
0 0 282 152 7
0 0 201 131 7
0 0 392 200 7
0 0 255 146 7
0 0 257 167 7
0 0 383 102 7
0 0 354 136 7
 0 0 324 103 7
0 0 213 106 7
0 0 318 102 7
454 289 0 0 8
417 297 0 0 8
592 263 0 0 8
470 291 0 0 8
563 208 0 0 8
437 282 0 0 8
556 208 0 0 8
434 288 0 0 8
418 223 0 0 8
583 203 0 0 8
473 208 0 0 8
439 233 0 0 8
523 260 0 0 8
0 0 250 144 8
0 0 274 175 8
0 0 386 166 8
0 0 314 153 8
0 0 341 199 8
0 0 229 114 8
0 0 328 196 8
0 0 285 130 8
0 0 301 193 8
0 0 310 106 8
0 0 220 125 8
0 0 342 111 8
0 0 310 114 8
Welfare difference 1110
 Number of cars traded in each Period (M1NumTradesPeriod (M2NumTrades
round. 1 1 1 1
1 1 1 1
Period Market 1 Market 2 Market 3 1 1 1 1
1 22 26 20 1 1 1 1
2 26 24 22 1 0 1 1
3 22 26 18 1 0 1 1
4 20 22 16 1 1 1 1
5 22 20 22 1 1 1 1
6 18 22 24 1 1 1 1
7 20 22 20 1 1 1 1
8 26 24 22 1 1 1 1
9 16 1 1 1 1
10 18 1 1 1 1
11 24 1 0 1 1
12 24 1 1 1 1
1 1 1 1
1 1 1 1
1 0 1 1
1 1 1 1
1 1 1 1
1 1 1 1
1 1 1 1
1 1 1 1
1 1 1 1
1 1 1 1
1 1 1 1
2 1 2 1
2 1 2 0
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 0
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 1
2 1 2 1
3 1 3 1
3 1 3 1
3 1 3 1
3 1 3 1
3 1 3 1
3 1 3 1
3 1 3 1
3 1 3 1
3 1 3 1
3 0 3 1
3 1 3 1
3 0 3 1
3 1 3 1
3 1 3 1
3 1 3 1
3 1 3 1
3 1 3 1
3 0 3 1
3 1 3 1
3 1 3 1
3 1 3 1
3 1 3 1
3 1 3 1
3 0 3 1
3 1 3 1
3 1 3 1
4 0 4 1
4 0 4 1
4 1 4 1
4 1 4 1
4 1 4 1
4 1 4 1
4 1 4 1
4 1 4 1
4 1 4 1
4 0 4 1
4 1 4 0
4 1 4 0
4 1 4 1
4 1 4 0
4 1 4 1
4 1 4 1
4 1 4 1
4 0 4 1
4 1 4 1
4 1 4 1
4 1 4 1
4 0 4 1
4 1 4 1
4 0 4 0
4 1 4 1
4 1 4 1
5 1 5 1
5 0 5 0
5 1 5 1
5 1 5 1
5 1 5 0
5 0 5 1
5 1 5 0
5 1 5 1
5 1 5 1
5 1 5 1
5 1 5 1
5 1 5 1
5 1 5 1
5 1 5 1
5 1 5 0
5 1 5 1
5 1 5 1
5 1 5 1
5 1 5 1
5 0 5 1
5 1 5 1
5 1 5 1
5 0 5 1
5 1 5 0
5 1 5 0
5 1 5 1
6 1 6 1
6 1 6 0
6 1 6 1
6 1 6 1
6 0 6 1
6 0 6 1
6 0 6 1
6 1 6 1
6 1 6 1
6 0 6 1
6 1 6 1
6 1 6 1
6 1 6 0
6 1 6 1
6 1 6 1
6 0 6 1
6 1 6 1
6 1 6 0
6 1 6 1
6 1 6 1
6 1 6 1
6 0 6 1
6 0 6 0
6 0 6 1
6 1 6 1
6 1 6 1
7 0 7 0
7 1 7 1
7 1 7 1
7 1 7 1
7 1 7 1
7 1 7 1
7 1 7 1
7 0 7 1
7 1 7 0
7 1 7 1
7 0 7 1
7 1 7 1
7 1 7 1
7 0 7 0
7 1 7 1
7 1 7 1
7 0 7 1
7 1 7 1
7 1 7 1
7 1 7 1
7 1 7 1
7 1 7 0
7 1 7 1
7 0 7 1
7 1 7 1
7 1 7 1
8 1 8 1
8 1 8 1
8 1 8 1
8 1 8 1
8 1 8 1
8 1 8 0
8 1 8 1
8 1 8 1
8 1 8 1
8 1 8 1
8 1 8 1
8 1 8 1
8 1 8 1
8 1 8 1
8 1 8 1
8 1 8 1
8 1 8 1
8 1 8 1
8 1 8 1
8 1 8 1
8 1 8 1
8 1 8 1
8 1 8 0
8 1 8 1
8 1 8 1
8 1 8 1
Period (M3NumTrades (M3)
1 1
1 0
1 1
Trade number per round
1 1 30
1 0
1 1
1 1 25
1 1
1 1
20
1 1
1 1
1 0
15
1 1
1 1
1 1 10
1 1
1 0
1 1 5
1 1
1 1
1 1 0
1 2 3 4 5 6 7 8 9 10 11 12
1 0
1 0 Market 1 Market 2 Market 3
1 1
1 1
1 1
2 0
2 1
2 1
2 1
2 1
2 1
2 1
2 1
2 1
2 1
2 0
2 1
2 1
2 0
2 1
2 1
2 1
2 0
2 1
2 1
2 1
2 1
2 1
2 1
2 1
2 1
3 1
3 0
3 1
3 1
3 1
3 1
3 0
3 1
3 1
3 0
3 1
3 0
3 1
3 0
3 1
3 0
3 1
3 1
3 0
3 1
3 1
3 0
3 1
3 1
3 1
3 1
4 0
4 1
4 1
4 0
4 1
4 0
4 1
4 1
4 1
4 0
4 1
4 1
4 0
4 0
4 0
4 1
4 1
4 0
4 1
4 1
4 0
4 1
4 1
4 0
4 1
4 1
5 1
5 1
5 1
5 1
5 1
5 1
5 1
5 0
5 1
5 1
5 0
5 1
5 1
5 1
5 1
5 1
5 0
5 1
5 1
5 1
5 1
5 0
5 1
5 1
5 1
5 1
6 1
6 1
6 1
6 1
6 0
6 1
6 1
6 1
6 1
6 1
6 1
6 1
6 1
6 0
6 1
6 1
6 1
6 1
6 1
6 1
6 1
6 1
6 1
6 1
6 1
6 1
7 1
7 1
7 1
7 1
7 0
7 1
7 0
7 1
7 1
7 0
7 1
7 1
7 1
7 0
7 0
7 1
7 1
7 1
7 1
7 1
7 1
7 1
7 1
7 1
7 0
7 1
8 1
8 1
8 0
8 1
8 0
8 1
8 1
8 1
8 1
8 1
8 1
8 1
8 1
8 1
8 1
8 1
8 1
8 1
8 1
8 0
8 1
8 1
8 1
8 1
8 0
8 1
9 0
9 1
9 1
9 0
9 1
9 0
9 1
9 1
9 1
9 0
9 1
9 0
9 1
9 0
9 0
9 0
 9 0
9 1
9 1
9 1
9 1
9 0
9 1
9 1
9 1
9 1
10 0
10 0
10 1
10 1
10 1
10 0
10 1
10 1
10 1
10 1
10 1
10 0
10 1
10 0
10 1
10 0
10 0
10 0
10 1
10 1
10 1
10 1
10 1
10 1
10 1
10 1
11 1
11 1
11 1
11 1
11 1
11 1
11 1
11 1
11 1
11 1
11 1
11 0
11 1
11 0
11 1
11 1
11 1
11 1
11 1
11 1
11 1
11 1
11 1
11 1
11 1
11 1
12 1
12 1
12 1
12 1
12 0
12 1
12 1
12 1
12 1
12 1
12 1
12 1
12 1
12 1
12 1
12 1
12 1
12 1
12 1
12 1
12 0
12 1
12 1
12 1
12 1
12 1
10 11 12
Period Market 1 Market 2 Market 3 number of subject maintenantmaintenantmaintenant cars 3
1 22 26 20 26 4 0 6
2 26 24 22 26 0 2 4
3 22 26 18 26 4 0 8
4 20 22 16 26 6 4 10
5 22 20 22 26 4 6 4
6 18 22 24 26 8 4 2
7 20 22 20 26 6 4 6
8 26 24 22 26 0 2 4
9 16 26 10
10 18 26 8
11 24 26 2
12 24 26 2

fraction of maintenant cars in each round

Period Market 1 Market 2 Market 3 Fraction of maintenant cars of each round
1 0.153846 0 0.230769 0.45
2 0 0.076923 0.153846 0.4
3 0.153846 0 0.307692
0.35
4 0.230769 0.153846 0.384615
0.3
5 0.153846 0.230769 0.153846
0.25
6 0.307692 0.153846 0.076923
0.2
7 0.230769 0.153846 0.230769
0.15
8 0 0.076923 0.153846
0.1
9 0.384615
0.05
10 0.307692
0
11 0.076923 1 2 3 4 5 6 7 8 9 10 11 12
12 0.076923
Market 1 Market 2 Market 3
s of each round

8 9 10 11 12

Market 3
Period Market 1 Market 2 Market 3 Period (M1Price (M1) Period (M2Price (M2) Period (M3
1 261.9231 372.4615 256.0769 1 250 1 400 1
2 311.5385 329.8462 281.1538 1 320 1 459 1
3 281.8462 342 240.9231 1 230 1 385 1
4 259.2308 307.8462 211.3077 1 400 1 350 1
5 280.1538 269.6923 259.7692 1 0 1 450 1
6 225.3846 265.3077 279.3846 1 0 1 450 1
7 206.4615 312 266.9231 1 250 1 450 1
8 235.6154 343.6154 281.1538 1 300 1 400 1
9 210.6154 1 280 1 400 1
10 218.6154 1 315 1 200 1
11 237.4615 1 400 1 448 1
12 252.5385 1 260 1 220 1
1 400 1 230 1
1 0 1 385 1
1 280 1 450 1
1 400 1 448 1
1 250 1 450 1
1 0 1 459 1
1 300 1 230 1
1 315 1 350 1
1 250 1 400 1
1 400 1 400 1
1 260 1 450 1
1 400 1 400 1
1 230 1 220 1
1 320 1 200 1
2 290 2 229 2
2 300 2 -1 2
2 270 2 500 2
2 400 2 240 2
2 475 2 265 2
2 250 2 440 2
2 290 2 470 2
2 260 2 230 2
2 350 2 200 2
2 270 2 490 2
2 280 2 480 2
2 215 2 270 2
2 400 2 475 2
2 475 2 -1 2
2 260 2 229 2
2 400 2 470 2
2 215 2 440 2
2 290 2 500 2
2 280 2 240 2
2 250 2 200 2
2 270 2 265 2
2 300 2 480 2
2 400 2 475 2
2 350 2 490 2
2 290 2 230 2
2 270 2 270 2
3 350 3 480 3
3 400 3 450 3
3 369 3 450 3
3 350 3 250 3
3 250 3 255 3
3 280 3 450 3
3 280 3 249 3
3 400 3 250 3
3 250 3 400 3
3 0 3 495 3
3 270 3 220 3
3 0 3 248 3
3 465 3 249 3
3 465 3 495 3
3 350 3 249 3
3 280 3 400 3
3 369 3 249 3
3 0 3 250 3
3 250 3 250 3
3 400 3 255 3
3 400 3 248 3
3 250 3 220 3
3 350 3 450 3
3 0 3 480 3
3 280 3 450 3
3 270 3 450 3
4 0 4 480 4
4 0 4 440 4
4 300 4 250 4
4 400 4 260 4
4 445 4 450 4
4 270 4 249 4
4 400 4 450 4
4 375 4 255 4
4 360 4 250 4
4 0 4 470 4
4 220 4 -1 4
4 200 4 -1 4
4 400 4 450 4
4 445 4 -1 4
4 400 4 249 4
4 300 4 450 4
4 360 4 440 4
4 0 4 250 4
4 220 4 450 4
4 400 4 255 4
4 400 4 260 4
4 0 4 250 4
4 375 4 470 4
4 0 4 -1 4
4 200 4 480 4
4 270 4 450 4
5 450 5 475 5
5 0 5 -1 5
5 360 5 230 5
5 460 5 220 5
5 420 5 -1 5
5 0 5 460 5
5 222 5 -1 5
5 270 5 450 5
5 420 5 250 5
5 250 5 250 5
5 240 5 444 5
5 200 5 260 5
5 350 5 470 5
5 460 5 475 5
5 240 5 -1 5
5 250 5 250 5
5 420 5 470 5
5 200 5 230 5
5 360 5 444 5
5 0 5 220 5
5 222 5 260 5
5 450 5 250 5
5 0 5 460 5
5 350 5 -1 5
5 420 5 -1 5
5 270 5 450 5
6 400 6 221 6
6 270 6 -1 6
6 420 6 450 6
6 375 6 450 6
6 0 6 220 6
6 0 6 350 6
6 0 6 220 6
6 270 6 205 6
6 210 6 450 6
6 0 6 475 6
6 270 6 220 6
6 250 6 190 6
6 465 6 -1 6
6 465 6 475 6
6 400 6 220 6
6 0 6 450 6
6 420 6 450 6
6 375 6 -1 6
6 270 6 220 6
6 270 6 220 6
6 250 6 221 6
6 0 6 350 6
6 0 6 -1 6
6 0 6 450 6
6 210 6 190 6
6 270 6 205 6
7 0 7 -1 7
7 280 7 254 7
7 300 7 450 7
7 392 7 450 7
7 250 7 440 7
7 252 7 230 7
7 200 7 440 7
7 0 7 430 7
7 210 7 -1 7
7 260 7 255 7
7 0 7 440 7
7 290 7 440 7
7 250 7 229 7
7 0 7 -1 7
7 280 7 450 7
7 260 7 440 7
7 0 7 440 7
7 200 7 254 7
7 392 7 440 7
7 252 7 255 7
7 300 7 229 7
7 210 7 -1 7
7 290 7 440 7
7 0 7 430 7
7 250 7 230 7
7 250 7 450 7
8 250 8 450 8
8 250 8 439 8
8 250 8 255 8
8 280 8 265 8
8 150 8 440 8
8 260 8 -1 8
8 200 8 200 8
8 249 8 420 8
8 219 8 250 8
8 230 8 440 8
8 185 8 430 8
8 300 8 449 8
8 240 8 430 8
8 185 8 265 8
8 280 8 449 8
8 230 8 250 8
8 240 8 440 8
8 250 8 450 8
8 250 8 439 8
8 219 8 255 8
8 249 8 440 8
8 300 8 200 8
8 250 8 -1 8
8 260 8 420 8
8 150 8 430 8
8 200 8 430 8
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
9
 9
9
9
9
9
9
9
9
9
9
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
10
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
Price (M3)
250
Average price for each Round
0
400 400

400 350
0
300
250
260 250
420
200
420
249 150
260
100
0
420 50
420
0
400 1 2 3 4 5 6 7 8 9 10 11 12
400
Market 1 Market 2 Market 3
0
249
250
250
260
0
0
420
260
420
0
260
400
500
420
240
230
415
400
320
0
250
220
0
500
230
400
0
250
320
240
220
400
420
415
260
280
0
250
442
400
250
0
420
410
0
260
0
420
0
442
0
400
250
0
250
260
0
410
420
280
420
0
437
350
0
280
0
250
420
480
0
250
280
0
0
0
350
420
0
280
250
0
280
480
0
437
250
240
270
402
435
240
240
220
0
400
260
0
250
420
240
435
240
0
270
260
220
240
0
400
250
402
420
230
200
400
392
 0
240
240
410
460
240
200
200
420
0
392
200
240
400
240
410
200
230
460
240
200
420
470
400
260
500
0
200
0
480
260
0
260
220
420
0
0
470
500
400
260
220
260
200
480
260
0
420
250
500
0
500
0
240
245
470
350
230
250
200
420
245
230
200
500
500
350
0
250
250
470
240
0
420
0
250
399
0
250
0
274
495
400
0
250
0
420
0
0
0
 0
274
400
399
250
0
495
250
250
420
0
0
420
280
245
0
240
470
260
287
220
0
420
0
245
0
0
0
220
420
287
280
470
260
240
420
250
210
230
235
200
240
150
480
220
230
222
0
420
0
230
150
230
235
250
220
240
210
480
222
200
420
230
240
240
450
0
200
227
475
222
170
230
249
350
240
227
450
230
200
249
170
0
240
475
222
230
350
Period Market 1 Market 2 Market 3 Period (M1Type (M1)
1 1040 1549 1207 1 2
2 1763 1401 1635 1 2
3 2054 1573 1520 1 2
4 1942 1434 1193 1 2
5 1713 1049 1425 1 2
6 1659 1214 1675 1 2
7 1164 1250 1279 1 2
8 1137 1414 1461 1 2
9 1150 1 2
10 1097 1 2
11 1074 1 2
12 1589 1 2
1 2
1 1
seller surplus per round
1 1
2500 1 1
1 1
1 1
2000
1 1
1 1
1 1
1500
1 1
1 1
1 1
1000
1 1
1 1
500 2 2
2 2
2 2
0 2 2
1 2 3 4 5 6 7 8 9 10 11 12
2 2
Market 1 Market 2 Market 3 2 2
2 2
2 2
2 2
2 2
2 2
2 2
2 2
2 1
2 1
2 1
2 1
2 1
2 1
2 1
2 1
2 1
2 1
2 1
2 1
2 1
3 2
3 2
3 2
3 2
3 2
3 2
3 2
3 2
3 2
3 2
3 2
3 2
3 2
3 1
3 1
3 1
3 1
3 1
3 1
3 1
3 1
3 1
3 1
3 1
3 1
3 1
4 2
4 2
4 2
4 2
4 2
4 2
4 2
4 2
4 2
4 2
4 2
4 2
4 2
4 1
4 1
4 1
4 1
4 1
4 1
4 1
4 1
4 1
4 1
4 1
4 1
4 1
5 2
5 2
5 2
5 2
5 2
5 2
5 2
5 2
5 2
5 2
5 2
5 2
5 2
5 1
5 1
5 1
5 1
5 1
5 1
5 1
5 1
5 1
5 1
5 1
5 1
5 1
6 2
6 2
6 2
6 2
6 2
6 2
6 2
6 2
6 2
6 2
6 2
6 2
6 2
6 1
6 1
6 1
6 1
6 1
6 1
6 1
6 1
6 1
6 1
6 1
6 1
6 1
7 2
7 2
7 2
7 2
7 2
7 2
7 2
7 2
7 2
7 2
7 2
7 2
7 2
7 1
7 1
7 1
7 1
7 1
7 1
7 1
7 1
7 1
7 1
7 1
7 1
7 1
8 2
8 2
8 2
8 2
8 2
8 2
8 2
8 2
8 2
8 2
8 2
8 2
8 2
8 1
8 1
8 1
8 1
8 1
8 1
8 1
8 1
8 1
8 1
8 1
8 1
8 1
Profit (M1)Period (M2Type (M2) Profit M2 Period (M3Type (M3) Profit (M3)
-46 1 2 82 1 2 150
81 1 2 61 1 2 0
19 1 2 -146 1 2 83
165 1 2 -97 1 2 48
0 1 2 91 1 2 0
0 1 2 105 1 2 12
42 1 2 79 1 2 39
-35 1 2 141 1 2 113
1 1 2 50 1 2 -160
-105 1 2 34 1 2 9
81 1 2 105 1 2 8
-26 1 2 74 1 2 0
60 1 2 39 1 2 83
0 1 1 247 1 1 237
124 1 1 131 1 1 64
55 1 1 66 1 1 175
71 1 1 155 1 1 0
0 1 1 49 1 1 110
162 1 1 81 1 1 130
183 1 1 240 1 1 42
145 1 1 21 1 1 67
83 1 1 115 1 1 0
94 1 1 126 1 1 0
7 1 1 130 1 1 38
50 1 1 95 1 1 138
66 1 1 93 1 1 206
-57 2 2 52 2 2 0
-99 2 2 0 2 2 17
-22 2 2 83 2 2 -179
25 2 2 5 2 2 74
-223 2 2 33 2 2 -166
40 2 2 132 2 2 3
-75 2 2 105 2 2 23
3 2 2 47 2 2 -165
227 2 2 23 2 2 23
10 2 2 31 2 2 -99
-77 2 2 87 2 2 0
21 2 2 4 2 2 18
83 2 2 124 2 2 64
332 2 1 0 2 1 0
63 2 1 90 2 1 157
192 2 1 143 2 1 127
58 2 1 161 2 1 213
95 2 1 246 2 1 0
 178 2 1 86 2 1 123
82 2 1 50 2 1 133
142 2 1 143 2 1 47
118 2 1 96 2 1 38
160 2 1 86 2 1 199
89 2 1 56 2 1 287
143 2 1 122 2 1 237
111 2 1 122 2 1 74
-126 3 2 97 3 2 5
-126 3 2 110 3 2 0
-122 3 2 139 3 2 33
-70 3 2 39 3 2 127
3 3 2 37 3 2 -147
8 3 2 69 3 2 27
13 3 2 47 3 2 0
-151 3 2 44 3 2 -120
12 3 2 80 3 2 35
0 3 2 102 3 2 0
3 3 2 70 3 2 18
0 3 2 11 3 2 0
-262 3 2 30 3 2 91
361 3 1 249 3 1 0
168 3 1 105 3 1 200
172 3 1 128 3 1 0
234 3 1 118 3 1 286
0 3 1 82 3 1 55
50 3 1 99 3 1 0
240 3 1 123 3 1 149
232 3 1 86 3 1 122
117 3 1 113 3 1 0
203 3 1 39 3 1 202
0 3 1 149 3 1 227
167 3 1 78 3 1 115
110 3 1 204 3 1 164
0 4 2 47 4 2 0
0 4 2 156 4 2 -188
-68 4 2 47 4 2 -84
-125 4 2 8 4 2 0
-196 4 2 67 4 2 17
24 4 2 34 4 2 0
-155 4 2 132 4 2 155
-153 4 2 17 4 2 -178
-116 4 2 17 4 2 83
0 4 2 103 4 2 0
-12 4 2 0 4 2 47
 60 4 2 0 4 2 5
-189 4 2 135 4 2 0
327 4 1 0 4 1 0
213 4 1 92 4 1 0
102 4 1 186 4 1 173
247 4 1 135 4 1 239
0 4 1 94 4 1 0
100 4 1 180 4 1 84
292 4 1 94 4 1 80
258 4 1 79 4 1 0
0 4 1 136 4 1 109
180 4 1 167 4 1 194
0 4 1 0 4 1 0
97 4 1 164 4 1 272
126 4 1 107 4 1 42
21 5 2 93 5 2 7
0 5 2 0 5 2 136
-122 5 2 20 5 2 -201
-179 5 2 34 5 2 -194
-178 5 2 0 5 2 5
0 5 2 3 5 2 0
10 5 2 0 5 2 19
13 5 2 74 5 2 0
-189 5 2 14 5 2 45
22 5 2 13 5 2 12
-14 5 2 80 5 2 0
2 5 2 17 5 2 -21
-89 5 2 108 5 2 156
274 5 1 122 5 1 71
73 5 1 0 5 1 292
59 5 1 86 5 1 103
266 5 1 69 5 1 0
63 5 1 94 5 1 14
256 5 1 162 5 1 150
0 5 1 92 5 1 60
48 5 1 160 5 1 94
168 5 1 68 5 1 0
0 5 1 57 5 1 101
200 5 1 0 5 1 57
232 5 1 0 5 1 267
74 5 1 139 5 1 216
-179 6 2 26 6 2 12
13 6 2 0 6 2 54
-181 6 2 59 6 2 -143
-122 6 2 116 6 2 -132
 0 6 2 69 6 2 0
0 6 2 188 6 2 31
0 6 2 76 6 2 47
23 6 2 19 6 2 -193
41 6 2 57 6 2 48
0 6 2 123 6 2 9
28 6 2 8 6 2 2
-11 6 2 26 6 2 28
-212 6 2 0 6 2 113
283 6 1 192 6 1 0
247 6 1 98 6 1 200
0 6 1 157 6 1 81
275 6 1 209 6 1 80
237 6 1 0 6 1 246
154 6 1 116 6 1 115
105 6 1 68 6 1 303
87 6 1 79 6 1 92
0 6 1 106 6 1 94
0 6 1 0 6 1 235
0 6 1 63 6 1 45
105 6 1 26 6 1 80
166 6 1 100 6 1 104
0 7 2 0 7 2 -228
6 7 2 11 7 2 195
-76 7 2 146 7 2 6
-191 7 2 91 7 2 97
20 7 2 54 7 2 0
5 7 2 41 7 2 39
55 7 2 121 7 2 0
0 7 2 50 7 2 27
46 7 2 0 7 2 281
20 7 2 38 7 2 0
0 7 2 6 7 2 35
8 7 2 4 7 2 22
190 7 2 59 7 2 89
0 7 1 0 7 1 0
90 7 1 148 7 1 0
127 7 1 191 7 1 345
0 7 1 64 7 1 146
69 7 1 146 7 1 89
192 7 1 162 7 1 55
106 7 1 89 7 1 53
133 7 1 59 7 1 73
108 7 1 0 7 1 22
154 7 1 106 7 1 135
 0 7 1 27 7 1 142
37 7 1 86 7 1 0
148 7 1 172 7 1 219
39 8 2 79 8 2 1
47 8 2 132 8 2 -246
13 8 2 162 8 2 0
11 8 2 33 8 2 66
58 8 2 115 8 2 0
22 8 2 0 8 2 23
8 8 2 43 8 2 37
39 8 2 59 8 2 55
4 8 2 47 8 2 114
-27 8 2 126 8 2 45
23 8 2 44 8 2 12
-67 8 2 46 8 2 10
20 8 2 66 8 2 48
41 8 1 138 8 1 93
105 8 1 161 8 1 34
64 8 1 118 8 1 12
87 8 1 96 8 1 285
51 8 1 164 8 1 389
136 8 1 154 8 1 63
23 8 1 25 8 1 0
119 8 1 91 8 1 89
107 8 1 12 8 1 65
144 8 1 0 8 1 240
135 8 1 157 8 1 69
39 8 1 148 8 1 0
86 8 1 150 8 1 122
9 2 0
9 2 8
9 2 -176
9 2 0
9 2 34
9 2 0
9 2 132
9 2 66
9 2 -133
9 2 0
9 2 49
9 2 0
9 2 63
9 1 0
9 1 0
9 1 0
 9 1 0
9 1 0
9 1 291
9 1 265
9 1 121
9 1 0
9 1 99
9 1 100
9 1 112
9 1 162
10 2 0
10 2 0
10 2 -211
10 2 15
10 2 54
10 2 0
10 2 32
10 2 29
10 2 28
10 2 10
10 2 70
10 2 0
10 2 129
10 1 0
10 1 88
10 1 0
10 1 0
10 1 0
10 1 33
10 1 276
10 1 130
10 1 144
10 1 143
10 1 143
10 1 76
10 1 64
11 2 18
11 2 20
11 2 16
11 2 46
11 2 25
11 2 19
11 2 92
11 2 99
11 2 -4
11 2 15
11 2 71
11 2 0
11 2 87
11 1 0
11 1 46
11 1 43
11 1 107
11 1 104
11 1 129
11 1 110
11 1 136
11 1 16
11 1 134
11 1 111
11 1 69
11 1 69
12 2 10
12 2 11
12 2 24
12 2 -202
12 2 0
12 2 68
12 2 57
12 2 -272
12 2 13
12 2 42
12 2 58
12 2 28
12 2 -147
12 1 78
12 1 100
12 1 322
12 1 87
12 1 58
12 1 148
12 1 3
12 1 0
12 1 66
12 1 368
12 1 64
12 1 105
12 1 190
Period (M1)Type (M1) Profit (M1) Period (M2)Type (M2) Profit M2 Period (M3)Type (M3) Profit (M3)
1 2 -46 1 2 82 1 2 150
1 2 81 1 2 61 1 2 0
1 2 19 1 2 -146 1 2 83
1 2 165 1 2 -97 1 2 48
1 2 0 1 2 91 1 2 0
1 2 0 1 2 105 1 2 12
1 2 42 1 2 79 1 2 39
1 2 -35 1 2 141 1 2 113
1 2 1 1 2 50 1 2 -160
1 2 -105 1 2 34 1 2 9
1 2 81 1 2 105 1 2 8
1 2 -26 1 2 74 1 2 0
1 2 60 1 2 39 1 2 83
1 1 0 1 1 247 1 1 237
1 1 124 1 1 131 1 1 64
1500
1 1 55 1 1 66 1 1 175
1 1 71 1 1 155 1 1 0
1 1 0 1 1 49 1 1 110 1000
1 1 162 1 1 81 1 1 130
1 1 183 1 1 240 1 1 42 500
1 1 145 1 1 21 1 1 67
1 1 83 1 1 115 1 1 0 0
1 1 94 1 1 126 1 1 0 1
1 1 7 1 1 130 1 1 38
-500
1 1 50 1 1 95 1 1 138
1 1 66 1 1 93 1 1 206
2 2 -57 2 2 52 2 2 0 -1000
2 2 -99 2 2 0 2 2 17
2 2 -22 2 2 83 2 2 -179 -1500
2 2 25 2 2 5 2 2 74
2 2 -223 2 2 33 2 2 -166
2 2 40 2 2 132 2 2 3
2 2 -75 2 2 105 2 2 23
2 2 3 2 2 47 2 2 -165
2 2 227 2 2 23 2 2 23
2 2 10 2 2 31 2 2 -99
2 2 -77 2 2 87 2 2 0
2 2 21 2 2 4 2 2 18
2 2 83 2 2 124 2 2 64
2 1 332 2 1 0 2 1 0
2 1 63 2 1 90 2 1 157
2 1 192 2 1 143 2 1 127
2 1 58 2 1 161 2 1 213
2 1 95 2 1 246 2 1 0
2 1 178 2 1 86 2 1 123
2 1 82 2 1 50 2 1 133
2 1 142 2 1 143 2 1 47
2 1 118 2 1 96 2 1 38
2 1 160 2 1 86 2 1 199
2 1 89 2 1 56 2 1 287
2 1 143 2 1 122 2 1 237
2 1 111 2 1 122 2 1 74
3 2 -126 3 2 97 3 2 5
3 2 -126 3 2 110 3 2 0
3 2 -122 3 2 139 3 2 33
3 2 -70 3 2 39 3 2 127
3 2 3 3 2 37 3 2 -147
3 2 8 3 2 69 3 2 27
3 2 13 3 2 47 3 2 0
3 2 -151 3 2 44 3 2 -120
3 2 12 3 2 80 3 2 35
3 2 0 3 2 102 3 2 0
3 2 3 3 2 70 3 2 18
3 2 0 3 2 11 3 2 0
3 2 -262 3 2 30 3 2 91
3 1 361 3 1 249 3 1 0
3 1 168 3 1 105 3 1 200
3 1 172 3 1 128 3 1 0
3 1 234 3 1 118 3 1 286
3 1 0 3 1 82 3 1 55
3 1 50 3 1 99 3 1 0
3 1 240 3 1 123 3 1 149
3 1 232 3 1 86 3 1 122
3 1 117 3 1 113 3 1 0
3 1 203 3 1 39 3 1 202
3 1 0 3 1 149 3 1 227
3 1 167 3 1 78 3 1 115
3 1 110 3 1 204 3 1 164
4 2 0 4 2 47 4 2 0
4 2 0 4 2 156 4 2 -188
4 2 -68 4 2 47 4 2 -84
4 2 -125 4 2 8 4 2 0
4 2 -196 4 2 67 4 2 17
4 2 24 4 2 34 4 2 0
4 2 -155 4 2 132 4 2 155
4 2 -153 4 2 17 4 2 -178
4 2 -116 4 2 17 4 2 83
4 2 0 4 2 103 4 2 0
4 2 -12 4 2 0 4 2 47
4 2 60 4 2 0 4 2 5
4 2 -189 4 2 135 4 2 0
4 1 327 4 1 0 4 1 0
4 1 213 4 1 92 4 1 0
4 1 102 4 1 186 4 1 173
4 1 247 4 1 135 4 1 239
4 1 0 4 1 94 4 1 0
4 1 100 4 1 180 4 1 84
4 1 292 4 1 94 4 1 80
4 1 258 4 1 79 4 1 0
4 1 0 4 1 136 4 1 109
4 1 180 4 1 167 4 1 194
4 1 0 4 1 0 4 1 0
4 1 97 4 1 164 4 1 272
4 1 126 4 1 107 4 1 42
5 2 21 5 2 93 5 2 7
5 2 0 5 2 0 5 2 136
5 2 -122 5 2 20 5 2 -201
5 2 -179 5 2 34 5 2 -194
5 2 -178 5 2 0 5 2 5
5 2 0 5 2 3 5 2 0
5 2 10 5 2 0 5 2 19
5 2 13 5 2 74 5 2 0
5 2 -189 5 2 14 5 2 45
5 2 22 5 2 13 5 2 12
5 2 -14 5 2 80 5 2 0
5 2 2 5 2 17 5 2 -21
5 2 -89 5 2 108 5 2 156
5 1 274 5 1 122 5 1 71
5 1 73 5 1 0 5 1 292
5 1 59 5 1 86 5 1 103
5 1 266 5 1 69 5 1 0
5 1 63 5 1 94 5 1 14
5 1 256 5 1 162 5 1 150
5 1 0 5 1 92 5 1 60
5 1 48 5 1 160 5 1 94
5 1 168 5 1 68 5 1 0
5 1 0 5 1 57 5 1 101
5 1 200 5 1 0 5 1 57
5 1 232 5 1 0 5 1 267
5 1 74 5 1 139 5 1 216
6 2 -179 6 2 26 6 2 12
6 2 13 6 2 0 6 2 54
6 2 -181 6 2 59 6 2 -143
6 2 -122 6 2 116 6 2 -132
6 2 0 6 2 69 6 2 0
6 2 0 6 2 188 6 2 31
6 2 0 6 2 76 6 2 47
6 2 23 6 2 19 6 2 -193
6 2 41 6 2 57 6 2 48
6 2 0 6 2 123 6 2 9
6 2 28 6 2 8 6 2 2
6 2 -11 6 2 26 6 2 28
6 2 -212 6 2 0 6 2 113
6 1 283 6 1 192 6 1 0
6 1 247 6 1 98 6 1 200
6 1 0 6 1 157 6 1 81
6 1 275 6 1 209 6 1 80
6 1 237 6 1 0 6 1 246
6 1 154 6 1 116 6 1 115
6 1 105 6 1 68 6 1 303
6 1 87 6 1 79 6 1 92
6 1 0 6 1 106 6 1 94
6 1 0 6 1 0 6 1 235
6 1 0 6 1 63 6 1 45
6 1 105 6 1 26 6 1 80
6 1 166 6 1 100 6 1 104
7 2 0 7 2 0 7 2 -228
7 2 6 7 2 11 7 2 195
7 2 -76 7 2 146 7 2 6
7 2 -191 7 2 91 7 2 97
7 2 20 7 2 54 7 2 0
7 2 5 7 2 41 7 2 39
7 2 55 7 2 121 7 2 0
7 2 0 7 2 50 7 2 27
7 2 46 7 2 0 7 2 281
7 2 20 7 2 38 7 2 0
7 2 0 7 2 6 7 2 35
7 2 8 7 2 4 7 2 22
7 2 190 7 2 59 7 2 89
7 1 0 7 1 0 7 1 0
7 1 90 7 1 148 7 1 0
7 1 127 7 1 191 7 1 345
7 1 0 7 1 64 7 1 146
7 1 69 7 1 146 7 1 89
7 1 192 7 1 162 7 1 55
7 1 106 7 1 89 7 1 53
7 1 133 7 1 59 7 1 73
7 1 108 7 1 0 7 1 22
7 1 154 7 1 106 7 1 135
7 1 0 7 1 27 7 1 142
7 1 37 7 1 86 7 1 0
7 1 148 7 1 172 7 1 219
8 2 39 8 2 79 8 2 1
8 2 47 8 2 132 8 2 -246
8 2 13 8 2 162 8 2 0
8 2 11 8 2 33 8 2 66
8 2 58 8 2 115 8 2 0
8 2 22 8 2 0 8 2 23
8 2 8 8 2 43 8 2 37
8 2 39 8 2 59 8 2 55
8 2 4 8 2 47 8 2 114
8 2 -27 8 2 126 8 2 45
8 2 23 8 2 44 8 2 12
8 2 -67 8 2 46 8 2 10
8 2 20 8 2 66 8 2 48
8 1 41 8 1 138 8 1 93
8 1 105 8 1 161 8 1 34
8 1 64 8 1 118 8 1 12
8 1 87 8 1 96 8 1 285
8 1 51 8 1 164 8 1 389
8 1 136 8 1 154 8 1 63
8 1 23 8 1 25 8 1 0
8 1 119 8 1 91 8 1 89
8 1 107 8 1 12 8 1 65
8 1 144 8 1 0 8 1 240
8 1 135 8 1 157 8 1 69
8 1 39 8 1 148 8 1 0
8 1 86 8 1 150 8 1 122
9 2 0
9 2 8
9 2 -176
9 2 0
9 2 34
9 2 0
9 2 132
9 2 66
9 2 -133
9 2 0
9 2 49
9 2 0
9 2 63
9 1 0
9 1 0
9 1 0
 9 1 0
9 1 0
9 1 291
9 1 265
9 1 121
9 1 0
9 1 99
9 1 100
9 1 112
9 1 162
10 2 0
10 2 0
10 2 -211
10 2 15
10 2 54
10 2 0
10 2 32
10 2 29
10 2 28
10 2 10
10 2 70
10 2 0
10 2 129
10 1 0
10 1 88
10 1 0
10 1 0
10 1 0
10 1 33
10 1 276
10 1 130
10 1 144
10 1 143
10 1 143
10 1 76
10 1 64
11 2 18
11 2 20
11 2 16
11 2 46
11 2 25
11 2 19
11 2 92
11 2 99
11 2 -4
11 2 15
11 2 71
11 2 0
11 2 87
11 1 0
11 1 46
11 1 43
11 1 107
11 1 104
11 1 129
11 1 110
11 1 136
11 1 16
11 1 134
11 1 111
11 1 69
11 1 69
12 2 10
12 2 11
12 2 24
12 2 -202
12 2 0
12 2 68
12 2 57
12 2 -272
12 2 13
12 2 42
12 2 58
12 2 28
12 2 -147
12 1 78
12 1 100
12 1 322
12 1 87
12 1 58
12 1 148
12 1 3
12 1 0
12 1 66
12 1 368
12 1 64
12 1 105
12 1 190
 Period Market 1 Market 2 Market 3
1 237 618 385
2 -144 726 -387
3 -818 875 69
4 -930 763 -143
5 -703 456 -36
6 -600 767 -124
7 83 621 563
8 190 952 165
9 43
10 156
11 504
12 -310

Consumer surplus for each round

1500

1000

500

0
1 2 3 4 5 6 7 8 9 10 11 12

-500

-1000

-1500

Market 1 Market 2 Market 3

Period (M1)Type (M1) Profit (M1) Period (M2)Type (M2) Profit M2 Period (M3)Type (M3) Profit (M3)
1 2 -46 1 2 82 1 2 150
1 2 81 1 2 61 1 2 0
1 2 19 1 2 -146 1 2 83
1 2 165 1 2 -97 1 2 48
1 2 0 1 2 91 1 2 0
1 2 0 1 2 105 1 2 12
1 2 42 1 2 79 1 2 39
1 2 -35 1 2 141 1 2 113
1 2 1 1 2 50 1 2 -160
1 2 -105 1 2 34 1 2 9
1 2 81 1 2 105 1 2 8
1 2 -26 1 2 74 1 2 0
1 2 60 1 2 39 1 2 83
1 1 0 1 1 247 1 1 237
1 1 124 1 1 131 1 1 64
1 1 55 1 1 66 1 1 175 3000

1 1 71 1 1 155 1 1 0 2500
1 1 0 1 1 49 1 1 110
1 1 162 1 1 81 1 1 130 2000
1 1 183 1 1 240 1 1 42
1500
1 1 145 1 1 21 1 1 67
1 1 83 1 1 115 1 1 0 1000
1 1 94 1 1 126 1 1 0
500
1 1 7 1 1 130 1 1 38
1 1 50 1 1 95 1 1 138 0
1 2
1 1 66 1 1 93 1 1 206
2 2 -57 2 2 52 2 2 0
2 2 -99 2 2 0 2 2 17
2 2 -22 2 2 83 2 2 -179
2 2 25 2 2 5 2 2 74
2 2 -223 2 2 33 2 2 -166
2 2 40 2 2 132 2 2 3
2 2 -75 2 2 105 2 2 23
2 2 3 2 2 47 2 2 -165
2 2 227 2 2 23 2 2 23
2 2 10 2 2 31 2 2 -99
2 2 -77 2 2 87 2 2 0
2 2 21 2 2 4 2 2 18
2 2 83 2 2 124 2 2 64
2 1 332 2 1 0 2 1 0
2 1 63 2 1 90 2 1 157
2 1 192 2 1 143 2 1 127
2 1 58 2 1 161 2 1 213
2 1 95 2 1 246 2 1 0
2 1 178 2 1 86 2 1 123
2 1 82 2 1 50 2 1 133
2 1 142 2 1 143 2 1 47
2 1 118 2 1 96 2 1 38
2 1 160 2 1 86 2 1 199
2 1 89 2 1 56 2 1 287
2 1 143 2 1 122 2 1 237
2 1 111 2 1 122 2 1 74
3 2 -126 3 2 97 3 2 5
3 2 -126 3 2 110 3 2 0
3 2 -122 3 2 139 3 2 33
3 2 -70 3 2 39 3 2 127
3 2 3 3 2 37 3 2 -147
3 2 8 3 2 69 3 2 27
3 2 13 3 2 47 3 2 0
3 2 -151 3 2 44 3 2 -120
3 2 12 3 2 80 3 2 35
3 2 0 3 2 102 3 2 0
3 2 3 3 2 70 3 2 18
3 2 0 3 2 11 3 2 0
3 2 -262 3 2 30 3 2 91
3 1 361 3 1 249 3 1 0
3 1 168 3 1 105 3 1 200
3 1 172 3 1 128 3 1 0
3 1 234 3 1 118 3 1 286
3 1 0 3 1 82 3 1 55
3 1 50 3 1 99 3 1 0
3 1 240 3 1 123 3 1 149
3 1 232 3 1 86 3 1 122
3 1 117 3 1 113 3 1 0
3 1 203 3 1 39 3 1 202
3 1 0 3 1 149 3 1 227
3 1 167 3 1 78 3 1 115
3 1 110 3 1 204 3 1 164
4 2 0 4 2 47 4 2 0
4 2 0 4 2 156 4 2 -188
4 2 -68 4 2 47 4 2 -84
4 2 -125 4 2 8 4 2 0
4 2 -196 4 2 67 4 2 17
4 2 24 4 2 34 4 2 0
4 2 -155 4 2 132 4 2 155
4 2 -153 4 2 17 4 2 -178
4 2 -116 4 2 17 4 2 83
4 2 0 4 2 103 4 2 0
4 2 -12 4 2 0 4 2 47
4 2 60 4 2 0 4 2 5
4 2 -189 4 2 135 4 2 0
4 1 327 4 1 0 4 1 0
4 1 213 4 1 92 4 1 0
4 1 102 4 1 186 4 1 173
4 1 247 4 1 135 4 1 239
4 1 0 4 1 94 4 1 0
4 1 100 4 1 180 4 1 84
4 1 292 4 1 94 4 1 80
4 1 258 4 1 79 4 1 0
4 1 0 4 1 136 4 1 109
4 1 180 4 1 167 4 1 194
4 1 0 4 1 0 4 1 0
4 1 97 4 1 164 4 1 272
4 1 126 4 1 107 4 1 42
5 2 21 5 2 93 5 2 7
5 2 0 5 2 0 5 2 136
5 2 -122 5 2 20 5 2 -201
5 2 -179 5 2 34 5 2 -194
5 2 -178 5 2 0 5 2 5
5 2 0 5 2 3 5 2 0
5 2 10 5 2 0 5 2 19
5 2 13 5 2 74 5 2 0
5 2 -189 5 2 14 5 2 45
5 2 22 5 2 13 5 2 12
5 2 -14 5 2 80 5 2 0
5 2 2 5 2 17 5 2 -21
5 2 -89 5 2 108 5 2 156
5 1 274 5 1 122 5 1 71
5 1 73 5 1 0 5 1 292
5 1 59 5 1 86 5 1 103
5 1 266 5 1 69 5 1 0
5 1 63 5 1 94 5 1 14
5 1 256 5 1 162 5 1 150
5 1 0 5 1 92 5 1 60
5 1 48 5 1 160 5 1 94
5 1 168 5 1 68 5 1 0
5 1 0 5 1 57 5 1 101
5 1 200 5 1 0 5 1 57
5 1 232 5 1 0 5 1 267
5 1 74 5 1 139 5 1 216
6 2 -179 6 2 26 6 2 12
6 2 13 6 2 0 6 2 54
6 2 -181 6 2 59 6 2 -143
6 2 -122 6 2 116 6 2 -132
6 2 0 6 2 69 6 2 0
6 2 0 6 2 188 6 2 31
6 2 0 6 2 76 6 2 47
6 2 23 6 2 19 6 2 -193
6 2 41 6 2 57 6 2 48
6 2 0 6 2 123 6 2 9
6 2 28 6 2 8 6 2 2
6 2 -11 6 2 26 6 2 28
6 2 -212 6 2 0 6 2 113
6 1 283 6 1 192 6 1 0
6 1 247 6 1 98 6 1 200
6 1 0 6 1 157 6 1 81
6 1 275 6 1 209 6 1 80
6 1 237 6 1 0 6 1 246
6 1 154 6 1 116 6 1 115
6 1 105 6 1 68 6 1 303
6 1 87 6 1 79 6 1 92
6 1 0 6 1 106 6 1 94
6 1 0 6 1 0 6 1 235
6 1 0 6 1 63 6 1 45
6 1 105 6 1 26 6 1 80
6 1 166 6 1 100 6 1 104
7 2 0 7 2 0 7 2 -228
7 2 6 7 2 11 7 2 195
7 2 -76 7 2 146 7 2 6
7 2 -191 7 2 91 7 2 97
7 2 20 7 2 54 7 2 0
7 2 5 7 2 41 7 2 39
7 2 55 7 2 121 7 2 0
7 2 0 7 2 50 7 2 27
7 2 46 7 2 0 7 2 281
7 2 20 7 2 38 7 2 0
7 2 0 7 2 6 7 2 35
7 2 8 7 2 4 7 2 22
7 2 190 7 2 59 7 2 89
7 1 0 7 1 0 7 1 0
7 1 90 7 1 148 7 1 0
7 1 127 7 1 191 7 1 345
7 1 0 7 1 64 7 1 146
7 1 69 7 1 146 7 1 89
7 1 192 7 1 162 7 1 55
7 1 106 7 1 89 7 1 53
7 1 133 7 1 59 7 1 73
7 1 108 7 1 0 7 1 22
7 1 154 7 1 106 7 1 135
7 1 0 7 1 27 7 1 142
7 1 37 7 1 86 7 1 0
7 1 148 7 1 172 7 1 219
8 2 39 8 2 79 8 2 1
8 2 47 8 2 132 8 2 -246
8 2 13 8 2 162 8 2 0
8 2 11 8 2 33 8 2 66
8 2 58 8 2 115 8 2 0
8 2 22 8 2 0 8 2 23
8 2 8 8 2 43 8 2 37
8 2 39 8 2 59 8 2 55
8 2 4 8 2 47 8 2 114
8 2 -27 8 2 126 8 2 45
8 2 23 8 2 44 8 2 12
8 2 -67 8 2 46 8 2 10
8 2 20 8 2 66 8 2 48
8 1 41 8 1 138 8 1 93
8 1 105 8 1 161 8 1 34
8 1 64 8 1 118 8 1 12
8 1 87 8 1 96 8 1 285
8 1 51 8 1 164 8 1 389
8 1 136 8 1 154 8 1 63
8 1 23 8 1 25 8 1 0
8 1 119 8 1 91 8 1 89
8 1 107 8 1 12 8 1 65
8 1 144 8 1 0 8 1 240
8 1 135 8 1 157 8 1 69
8 1 39 8 1 148 8 1 0
8 1 86 8 1 150 8 1 122
9 2 0
9 2 8
9 2 -176
9 2 0
9 2 34
9 2 0
9 2 132
9 2 66
9 2 -133
9 2 0
9 2 49
9 2 0
9 2 63
9 1 0
9 1 0
9 1 0
 9 1 0
9 1 0
9 1 291
9 1 265
9 1 121
9 1 0
9 1 99
9 1 100
9 1 112
9 1 162
10 2 0
10 2 0
10 2 -211
10 2 15
10 2 54
10 2 0
10 2 32
10 2 29
10 2 28
10 2 10
10 2 70
10 2 0
10 2 129
10 1 0
10 1 88
10 1 0
10 1 0
10 1 0
10 1 33
10 1 276
10 1 130
10 1 144
10 1 143
10 1 143
10 1 76
10 1 64
11 2 18
11 2 20
11 2 16
11 2 46
11 2 25
11 2 19
11 2 92
11 2 99
11 2 -4
11 2 15
11 2 71
11 2 0
11 2 87
11 1 0
11 1 46
11 1 43
11 1 107
11 1 104
11 1 129
11 1 110
11 1 136
11 1 16
11 1 134
11 1 111
11 1 69
11 1 69
12 2 10
12 2 11
12 2 24
12 2 -202
12 2 0
12 2 68
12 2 57
12 2 -272
12 2 13
12 2 42
12 2 58
12 2 28
12 2 -147
12 1 78
12 1 100
12 1 322
12 1 87
12 1 58
12 1 148
12 1 3
12 1 0
12 1 66
12 1 368
12 1 64
12 1 105
12 1 190
 Period Market 1 Market 2 Market 3
1 1277 2167 1592
2 1619 2127 1248
3 1236 2448 1589
4 1012 2197 1050
5 1010 1505 1389
6 1059 1981 1551
7 1247 1871 1842
8 1327 2366 1626
9 1193
10 1253
11 1578
12 1279

total Welfare for each Round

3000

2500

2000

1500

1000

500

0
1 2 3 4 5 6 7 8 9 10 11 12

Market 1 Market 2 Market 3

 The first hypothesis is that the introduction of a certificate that
signals a car with maintenance can help even if it comes with some
extra costs. Therefore we ran a market where such a certificate was
available.
The second hypothesis is that these lemon market problems are
negligible in markets where you repeatedly meet the same sellers
1. Of course the cars with maintenance will get more extracost. But the life
time of the car will be increased and therefore the costs will be amortized,
or even in case of a resale of the car it can be resold at a higher price. it is
therefore more profitable to pay the small maintenance costs of the
vehicle.
2. Because the market change rapidly we can't make assumption and
predictuion but we can see right away that the last round has lower
welfare.
Task 12 and 13: