Experiment 3: Materials and resources
This activity requires previous preparation. You will need:
- A video beam, projector or screen to present the results.
- A computer in the classroom for your assistant to register the data in the template.
- Markers for your assistants to check traded cars in the participants cards for each round.
Templates and documents
The template with the experiment configuration comes in Format 3.1. You will find theoretical predictions according to your classroom and fields to register the actual behavior of the market. This document creates the tables with the marginal cost and willingness to pay for each student’s car.
Format 3.1. Cars Market experiment template
Participants shall register their individual earnings in format Format 3.2.
Format 3.2. Cars Market individual accounting
Every transaction should be presented to the assistants in a contract format contained in Format 3.3.
Format 3.3. Cars Market contracts
External resources
This experiment requires no external resources.
