Introduction to the Supplier Trading Screen

After login, you will be presented with a trading screen. A full trading screen is shown below. The trading screens used in this experiment can appear rather busy at first inspection, so we will introduce it to you piece by piece.

Example of a Complete Supplier Trading Screen

The top of the screen shows the current experimental date and the number of days to the next period (31st December).
Next to this is your current cash balance. It is on this number that your pay will be calculated at the end of the experiment.

Notice the "Supply Cost" which shows you cost of units that have been provided to you on consignment at the start of the period. In this case, for any unit Sold, we must pay "$40". Thus if we sold 10 units for $50 each, our bank account would increase by $100. 

The cost is only incurred if the unit is sold. 

The "Units in my Account" shows the number of units you currently possess. In this case, the supplier 3000 Units remaining to be sold.

At the end of the period, any unsold units are simply discarded for no value.

The "Last Traded Price" shows the last price at which Units were bought or sold ANYWHERE in the market - between ANY two participants.

When you have read the above, please proceed to the next page.

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Last Modified: 18 October 2007