The experimental design was standardized for all the monopoly
experiments. Each of the five buyers had a capacity to buy a
maximum of two units. The seller had a capacity to sell ten units.
The table below lists the seller's marginal cost for each of the ten
units, and buyers' resale values for each of two units.
Table 1: Seller's marginal costs and buyer's marginal values.
The actual experiments varied by an additive constant from these
normalized levels, in order to control the state of incomplete
information more effectively. The total number of trading periods
varied among the experiments but was always at least ten. This
information was not known in advance by the subjects.