Results of Sesssion 2:  Results of Competing Standards Experiment

(Note that we did not run Session 3, so you don't need to do questions  12-14 of the homework.)

The Buyer Value to a user depends on the number of people using
the same system in the following way.

Number of Sales	Buyer Value to Users
1-3	$!0
4-6	$20
7-9	$30
10-12	$40
13-15	$50
16-18	$60

Here is a record of Firm A's Accounts in Session 2.

Round	Units Sold	Highest Price	Lowest Price	Total Revenue
1	10	$5	$2	$29
2	9	$14.99	$14.99	$135
3	13	$14.99	0	$135
4	16	$14.99	0	$194

Firm A charged $14.99 to those who had bought from him previously and $0 to new customers.

Here is  Firm B's Record of Accounts in Session 2. (Firm B was forced into bankruptcy after Round 4.)

Round	Units Sold	Highest Price	Lowest Price	Total Revenue
1	6	$5	$3	$24
2	7	$7	$4	$34
3	5	$10	$8	$47
4	2	12	$-5	$7

Here is  Firm C's  Record of Accounts in Session 2.  (Firm C was forced into bankruptcy after
Round 2.)

Round	Units Sold	Highest Price	Lowest Price	Total Revenue
1	2	$4.99	$4.99	$9.98
2	2	$3	$3	$6
3*	0	$0	$0	0
4	0	0	0