Experiment Definition

Experiment Name: 4_3_SMR_HO_LC_WR

Total Number Subjects: 8

Group Size: 8

Are Groups Synchronized?

Cash Exchange Rate: 0.4

Experiment Runtime Information

Experiment ID: 349

Experiment Starting Time: 2006-03-27 18:47:35.0

Total Number Of Participants: 8

Experiment Definition Id: 223

Experiment Experimenter Id: 134

Auction-- Statistics

AttributeGroup : 1 Statistics
Auction: 1
Number of Rounds11
Allocation5,2,2,6,7,1,4,8,3,0,0,8
Optimal Allocation7,2,5,7,7,1,4,8,3,3,4,8
Final Price40.0,30.0,40.0,30.0,35.0,35.0,20.0,35.0,30.0,35.0,35.0,20.0
Surplus370
Optimal Surplus450
Revenue315
Total Penalties25
Total Profits55
Efficiency (surplus/opt_surplus)82.22
Revenue Ratio (revenue/opt_surplus)70.00
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)75.56
Bidder Earnings8 , 5 , 10 , 10 , 2 , -1 , 5 , 16 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 25 , 0 , 0 ,
Bidder Net Earning8 , 5 , 10 , 10 , 2 , -26 , 5 , 16 ,
Round: 1
Number of Bids30
Allocation8,2,2,8,8,3,3,8,8,6,4,8
Prices15.0,30.0,30.0,10.0,10.0,10.0,5.0,10.0,10.0,5.0,5.0,10.0
Revenue150
Efficiency71.11
Round: 2
Number of Bids46
Allocation5,2,1,2,7,1,1,7,5,5,6,6
Prices20.0,30.0,35.0,15.0,15.0,15.0,10.0,15.0,15.0,10.0,10.0,15.0
Revenue205
Efficiency76.67
Round: 3
Number of Bids61
Allocation7,2,1,7,7,4,2,7,5,3,3,8
Prices25.0,30.0,35.0,20.0,20.0,20.0,15.0,20.0,15.0,15.0,15.0,20.0
Revenue250
Efficiency88.44
Round: 4
Number of Bids77
Allocation7,2,2,6,8,1,4,7,3,6,6,8
Prices30.0,30.0,40.0,25.0,30.0,25.0,20.0,25.0,20.0,20.0,20.0,20.0
Revenue305
Efficiency90.00
Round: 5
Number of Bids89
Allocation7,2,2,7,7,4,4,7,5,3,3,8
Prices35.0,30.0,40.0,30.0,35.0,30.0,20.0,30.0,25.0,25.0,25.0,20.0
Revenue345
Efficiency90.89
Round: 6
Number of Bids97
Allocation5,2,2,6,7,1,4,8,3,6,6,8
Prices40.0,30.0,40.0,35.0,35.0,35.0,20.0,35.0,30.0,30.0,30.0,20.0
Revenue380
Efficiency94.89
Round: 7
Number of Bids99
Allocation5,2,2,0,7,1,4,8,3,3,4,8
Prices40.0,30.0,40.0,25.0,35.0,35.0,20.0,35.0,30.0,35.0,35.0,20.0
Revenue390
Efficiency98.67
Round: 8
Number of Bids101
Allocation5,2,2,6,7,1,4,8,3,6,6,8
Prices40.0,30.0,40.0,30.0,35.0,35.0,20.0,35.0,30.0,40.0,40.0,20.0
Revenue395
Efficiency94.89
Round: 9
Number of Bids101
Allocation5,2,2,0,7,1,4,8,3,0,0,8
Prices40.0,30.0,40.0,25.0,35.0,35.0,20.0,35.0,30.0,30.0,30.0,20.0
Revenue395
Efficiency94.89
Round: 10
Number of Bids99
Allocation5,2,2,6,7,1,4,8,3,0,0,8
Prices40.0,30.0,40.0,30.0,35.0,35.0,20.0,35.0,30.0,30.0,30.0,20.0
Revenue315
Efficiency82.22
Round: 11
Number of Bids99
Allocation5,2,2,6,7,1,4,8,3,0,0,8
Prices40.0,30.0,40.0,30.0,35.0,35.0,20.0,35.0,30.0,35.0,35.0,20.0
Revenue315
Efficiency82.22
Auction: 2
Number of Rounds9
Allocation7,2,5,7,7,1,1,4,7,6,6,6
Optimal Allocation7,6,5,7,7,1,1,4,7,6,6,4
Final Price30.0,20.0,20.0,40.0,20.0,30.0,30.0,40.0,25.0,20.0,30.0,35.0
Surplus437
Optimal Surplus438
Revenue340
Total Penalties0
Total Profits97
Efficiency (surplus/opt_surplus)99.77
Revenue Ratio (revenue/opt_surplus)77.63
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)77.63
Bidder Earnings13 , 8 , 0 , 2 , 19 , 29 , 26 , 0 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning13 , 8 , 0 , 2 , 19 , 29 , 26 , 0 ,
Round: 1
Number of Bids30
Allocation5,2,2,2,8,1,3,8,8,5,6,6
Prices15.0,20.0,10.0,20.0,15.0,5.0,5.0,10.0,15.0,15.0,10.0,10.0
Revenue150
Efficiency71.92
Round: 2
Number of Bids45
Allocation8,2,5,8,7,3,4,7,3,6,6,4
Prices20.0,20.0,20.0,25.0,20.0,10.0,10.0,15.0,20.0,20.0,10.0,15.0
Revenue205
Efficiency81.51
Round: 3
Number of Bids58
Allocation7,2,5,2,7,1,1,2,7,6,3,6
Prices25.0,20.0,20.0,30.0,20.0,15.0,15.0,20.0,25.0,20.0,15.0,25.0
Revenue250
Efficiency89.27
Round: 4
Number of Bids67
Allocation7,2,5,7,7,3,4,8,7,6,6,6
Prices30.0,20.0,20.0,40.0,20.0,20.0,20.0,25.0,25.0,20.0,20.0,25.0
Revenue285
Efficiency93.15
Round: 5
Number of Bids74
Allocation7,2,5,7,7,2,2,4,7,6,3,4
Prices30.0,20.0,20.0,40.0,20.0,25.0,25.0,30.0,25.0,20.0,25.0,30.0
Revenue310
Efficiency88.58
Round: 6
Number of Bids79
Allocation7,2,5,7,7,1,1,4,7,6,6,6
Prices30.0,20.0,20.0,40.0,20.0,30.0,30.0,30.0,25.0,20.0,30.0,35.0
Revenue330
Efficiency99.77
Round: 7
Number of Bids80
Allocation7,2,5,7,7,1,1,2,7,6,6,6
Prices30.0,20.0,20.0,40.0,20.0,30.0,30.0,35.0,25.0,20.0,30.0,35.0
Revenue335
Efficiency97.03
Round: 8
Number of Bids81
Allocation7,2,5,7,7,1,1,4,7,6,6,6
Prices30.0,20.0,20.0,40.0,20.0,30.0,30.0,40.0,25.0,20.0,30.0,35.0
Revenue340
Efficiency99.77
Round: 9
Number of Bids81
Allocation7,2,5,7,7,1,1,4,7,6,6,6
Prices30.0,20.0,20.0,40.0,20.0,30.0,30.0,40.0,25.0,20.0,30.0,35.0
Revenue340
Efficiency99.77
Auction: 3
Number of Rounds10
Allocation1,6,6,2,1,1,4,2,5,5,5,6
Optimal Allocation1,6,6,2,1,1,4,8,5,5,5,4
Final Price25.0,10.0,20.0,30.0,30.0,30.0,40.0,45.0,35.0,25.0,40.0,40.0
Surplus498
Optimal Surplus508
Revenue370
Total Penalties0
Total Profits128
Efficiency (surplus/opt_surplus)98.03
Revenue Ratio (revenue/opt_surplus)72.83
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)72.83
Bidder Earnings47 , 6 , 0 , 1 , 26 , 48 , 0 , 0 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning47 , 6 , 0 , 1 , 26 , 48 , 0 , 0 ,
Round: 1
Number of Bids30
Allocation8,6,2,2,8,3,4,8,5,5,5,6
Prices5.0,10.0,5.0,30.0,15.0,5.0,5.0,10.0,15.0,15.0,15.0,10.0
Revenue140
Efficiency72.83
Round: 2
Number of Bids46
Allocation7,6,2,2,7,1,2,7,7,3,6,8
Prices10.0,10.0,5.0,30.0,20.0,10.0,15.0,15.0,20.0,20.0,20.0,20.0
Revenue195
Efficiency69.29
Round: 3
Number of Bids62
Allocation7,6,6,2,7,1,3,8,7,5,5,4
Prices15.0,10.0,10.0,30.0,25.0,10.0,20.0,20.0,25.0,25.0,25.0,25.0
Revenue240
Efficiency89.17
Round: 4
Number of Bids73
Allocation7,6,2,2,1,1,2,4,7,5,6,4
Prices20.0,10.0,15.0,30.0,30.0,10.0,25.0,25.0,30.0,25.0,30.0,25.0
Revenue275
Efficiency82.68
Round: 5
Number of Bids81
Allocation1,6,6,2,1,1,3,8,5,5,3,4
Prices25.0,10.0,20.0,30.0,30.0,10.0,35.0,30.0,35.0,25.0,35.0,25.0
Revenue310
Efficiency99.02
Round: 6
Number of Bids87
Allocation1,6,6,2,1,2,4,2,5,5,5,6
Prices25.0,10.0,20.0,30.0,30.0,15.0,40.0,35.0,35.0,25.0,40.0,30.0
Revenue335
Efficiency92.52
Round: 7
Number of Bids90
Allocation1,6,6,2,1,1,4,8,5,5,5,4
Prices25.0,10.0,20.0,30.0,30.0,20.0,40.0,40.0,35.0,25.0,40.0,35.0
Revenue350
Efficiency100.00
Round: 8
Number of Bids93
Allocation1,6,6,2,1,2,4,2,5,5,5,6
Prices25.0,10.0,20.0,30.0,30.0,25.0,40.0,45.0,35.0,25.0,40.0,40.0
Revenue365
Efficiency92.52
Round: 9
Number of Bids94
Allocation1,6,6,2,1,1,4,2,5,5,5,6
Prices25.0,10.0,20.0,30.0,30.0,30.0,40.0,45.0,35.0,25.0,40.0,40.0
Revenue370
Efficiency98.03
Round: 10
Number of Bids94
Allocation1,6,6,2,1,1,4,2,5,5,5,6
Prices25.0,10.0,20.0,30.0,30.0,30.0,40.0,45.0,35.0,25.0,40.0,40.0
Revenue370
Efficiency98.03
Auction: 4
Number of Rounds11
Allocation1,5,2,8,7,2,3,8,8,3,3,4
Optimal Allocation1,5,2,8,7,2,3,8,8,3,3,4
Final Price25.0,35.0,40.0,25.0,35.0,35.0,5.0,45.0,35.0,25.0,40.0,35.0
Surplus483
Optimal Surplus483
Revenue380
Total Penalties0
Total Profits103
Efficiency (surplus/opt_surplus)100.00
Revenue Ratio (revenue/opt_surplus)78.67
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)78.67
Bidder Earnings5 , 11 , 38 , 9 , 7 , 0 , 9 , 24 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning5 , 11 , 38 , 9 , 7 , 0 , 9 , 24 ,
Round: 1
Number of Bids30
Allocation7,2,2,2,8,4,3,8,5,0,6,8
Prices10.0,20.0,30.0,10.0,10.0,5.0,5.0,10.0,15.0,.0,10.0,10.0
Revenue135
Efficiency64.18
Round: 2
Number of Bids47
Allocation1,5,2,7,7,3,3,7,7,6,3,6
Prices15.0,25.0,30.0,15.0,15.0,10.0,5.0,15.0,20.0,10.0,15.0,15.0
Revenue190
Efficiency81.78
Round: 3
Number of Bids64
Allocation8,5,5,7,8,2,3,2,7,5,6,7
Prices20.0,25.0,35.0,20.0,20.0,15.0,5.0,20.0,25.0,15.0,20.0,20.0
Revenue240
Efficiency77.64
Round: 4
Number of Bids80
Allocation1,5,2,8,7,3,3,7,7,6,6,6
Prices25.0,25.0,40.0,25.0,25.0,20.0,5.0,25.0,30.0,20.0,20.0,25.0
Revenue285
Efficiency83.23
Round: 5
Number of Bids90
Allocation1,5,2,8,7,2,3,2,8,3,6,7
Prices25.0,25.0,40.0,25.0,25.0,25.0,5.0,30.0,35.0,25.0,20.0,30.0
Revenue310
Efficiency93.79
Round: 6
Number of Bids96
Allocation1,6,2,8,7,4,3,8,8,3,3,4
Prices25.0,30.0,40.0,25.0,25.0,30.0,5.0,35.0,35.0,25.0,25.0,35.0
Revenue335
Efficiency95.65
Round: 7
Number of Bids100
Allocation1,5,2,8,7,2,3,2,8,3,6,4
Prices25.0,35.0,40.0,25.0,25.0,35.0,5.0,40.0,35.0,25.0,30.0,35.0
Revenue355
Efficiency95.86
Round: 8
Number of Bids102
Allocation1,5,2,8,3,2,3,8,8,3,6,4
Prices25.0,35.0,40.0,25.0,30.0,35.0,5.0,45.0,35.0,25.0,30.0,35.0
Revenue365
Efficiency96.89
Round: 9
Number of Bids103
Allocation1,5,2,8,7,2,3,8,8,3,6,4
Prices25.0,35.0,40.0,25.0,35.0,35.0,5.0,45.0,35.0,25.0,30.0,35.0
Revenue370
Efficiency97.72
Round: 10
Number of Bids104
Allocation1,5,2,8,7,2,3,8,8,3,3,4
Prices25.0,35.0,40.0,25.0,35.0,35.0,5.0,45.0,35.0,25.0,40.0,35.0
Revenue380
Efficiency100.00
Round: 11
Number of Bids104
Allocation1,5,2,8,7,2,3,8,8,3,3,4
Prices25.0,35.0,40.0,25.0,35.0,35.0,5.0,45.0,35.0,25.0,40.0,35.0
Revenue380
Efficiency100.00
Auction: 5
Number of Rounds8
Allocation8,5,1,7,8,3,2,4,7,6,4,8
Optimal Allocation7,5,1,7,1,3,2,4,7,6,4,8
Final Price25.0,25.0,35.0,35.0,20.0,40.0,35.0,35.0,25.0,20.0,10.0,40.0
Surplus445
Optimal Surplus449
Revenue345
Total Penalties0
Total Profits100
Efficiency (surplus/opt_surplus)99.11
Revenue Ratio (revenue/opt_surplus)76.84
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)76.84
Bidder Earnings7 , 8 , 4 , 27 , 3 , 21 , 21 , 9 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning7 , 8 , 4 , 27 , 3 , 21 , 21 , 9 ,
Round: 1
Number of Bids30
Allocation8,6,5,8,8,2,2,2,8,6,3,6
Prices10.0,10.0,10.0,10.0,20.0,35.0,35.0,30.0,10.0,10.0,5.0,10.0
Revenue195
Efficiency76.84
Round: 2
Number of Bids44
Allocation7,1,1,7,8,3,2,4,3,6,4,7
Prices15.0,15.0,15.0,15.0,20.0,40.0,35.0,35.0,20.0,10.0,10.0,15.0
Revenue245
Efficiency91.31
Round: 3
Number of Bids57
Allocation8,2,2,8,8,3,2,4,7,5,4,6
Prices25.0,20.0,20.0,25.0,20.0,40.0,35.0,35.0,25.0,15.0,10.0,20.0
Revenue290
Efficiency81.07
Round: 4
Number of Bids64
Allocation8,5,1,7,8,3,2,4,7,6,4,7
Prices25.0,25.0,25.0,30.0,20.0,40.0,35.0,35.0,25.0,20.0,10.0,25.0
Revenue315
Efficiency95.99
Round: 5
Number of Bids68
Allocation8,5,2,7,8,3,2,4,7,6,4,8
Prices25.0,25.0,30.0,35.0,20.0,40.0,35.0,35.0,25.0,20.0,10.0,30.0
Revenue330
Efficiency95.55
Round: 6
Number of Bids70
Allocation8,5,1,7,8,3,2,4,7,6,4,4
Prices25.0,25.0,35.0,35.0,20.0,40.0,35.0,35.0,25.0,20.0,10.0,35.0
Revenue340
Efficiency98.00
Round: 7
Number of Bids71
Allocation8,5,1,7,8,3,2,4,7,6,4,8
Prices25.0,25.0,35.0,35.0,20.0,40.0,35.0,35.0,25.0,20.0,10.0,40.0
Revenue345
Efficiency99.11
Round: 8
Number of Bids71
Allocation8,5,1,7,8,3,2,4,7,6,4,8
Prices25.0,25.0,35.0,35.0,20.0,40.0,35.0,35.0,25.0,20.0,10.0,40.0
Revenue345
Efficiency99.11
Auction: 6
Number of Rounds10
Allocation7,5,2,6,8,2,3,8,5,6,4,7
Optimal Allocation7,5,2,6,8,2,1,4,5,3,4,7
Final Price40.0,35.0,40.0,30.0,25.0,35.0,25.0,35.0,20.0,40.0,35.0,35.0
Surplus451
Optimal Surplus464
Revenue395
Total Penalties0
Total Profits56
Efficiency (surplus/opt_surplus)97.20
Revenue Ratio (revenue/opt_surplus)85.13
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)85.13
Bidder Earnings0 , 1 , 5 , 8 , 31 , 7 , 7 , -3 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning0 , 1 , 5 , 8 , 31 , 7 , 7 , -3 ,
Round: 1
Number of Bids30
Allocation8,2,2,2,3,1,1,8,3,6,3,8
Prices10.0,20.0,30.0,25.0,15.0,5.0,5.0,10.0,15.0,5.0,5.0,10.0
Revenue155
Efficiency74.14
Round: 2
Number of Bids43
Allocation7,5,2,6,8,1,1,7,5,5,6,7
Prices15.0,25.0,30.0,30.0,25.0,5.0,5.0,20.0,20.0,10.0,10.0,15.0
Revenue210
Efficiency84.91
Round: 3
Number of Bids54
Allocation8,5,2,6,8,3,3,8,5,6,3,7
Prices20.0,25.0,30.0,30.0,25.0,10.0,10.0,25.0,20.0,15.0,15.0,15.0
Revenue240
Efficiency92.46
Round: 4
Number of Bids62
Allocation7,5,2,6,8,2,2,4,5,6,4,4
Prices25.0,25.0,30.0,30.0,25.0,15.0,15.0,30.0,20.0,15.0,20.0,20.0
Revenue270
Efficiency95.26
Round: 5
Number of Bids70
Allocation8,5,2,6,8,2,3,8,5,3,6,7
Prices30.0,25.0,30.0,30.0,25.0,15.0,25.0,35.0,20.0,20.0,25.0,25.0
Revenue305
Efficiency92.89
Round: 6
Number of Bids77
Allocation7,2,2,6,8,4,3,8,5,6,3,4
Prices40.0,30.0,30.0,30.0,25.0,20.0,25.0,35.0,20.0,25.0,30.0,30.0
Revenue340
Efficiency89.22
Round: 7
Number of Bids83
Allocation7,5,6,6,8,2,3,8,5,3,4,7
Prices40.0,35.0,35.0,30.0,25.0,25.0,25.0,35.0,20.0,35.0,35.0,35.0
Revenue375
Efficiency96.98
Round: 8
Number of Bids86
Allocation7,5,2,6,8,3,3,8,5,6,4,7
Prices40.0,35.0,40.0,30.0,25.0,30.0,25.0,35.0,20.0,40.0,35.0,35.0
Revenue390
Efficiency96.55
Round: 9
Number of Bids87
Allocation7,5,2,6,8,2,3,8,5,6,4,7
Prices40.0,35.0,40.0,30.0,25.0,35.0,25.0,35.0,20.0,40.0,35.0,35.0
Revenue395
Efficiency97.20
Round: 10
Number of Bids87
Allocation7,5,2,6,8,2,3,8,5,6,4,7
Prices40.0,35.0,40.0,30.0,25.0,35.0,25.0,35.0,20.0,40.0,35.0,35.0
Revenue395
Efficiency97.20
Auction: 7
Number of Rounds8
Allocation8,6,2,2,8,4,1,8,8,6,5,8
Optimal Allocation8,6,2,2,8,4,1,8,8,6,6,8
Final Price45.0,25.0,40.0,35.0,30.0,30.0,15.0,40.0,25.0,35.0,30.0,25.0
Surplus465
Optimal Surplus465
Revenue375
Total Penalties0
Total Profits90
Efficiency (surplus/opt_surplus)100.00
Revenue Ratio (revenue/opt_surplus)80.65
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)80.65
Bidder Earnings29 , 14 , 0 , 9 , 1 , 19 , 0 , 18 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning29 , 14 , 0 , 9 , 1 , 19 , 0 , 18 ,
Round: 1
Number of Bids30
Allocation8,2,2,2,7,4,3,8,8,6,5,7
Prices15.0,15.0,30.0,35.0,15.0,5.0,10.0,15.0,15.0,15.0,15.0,20.0
Revenue205
Efficiency83.44
Round: 2
Number of Bids45
Allocation7,5,5,2,3,3,1,7,7,6,4,8
Prices20.0,20.0,35.0,35.0,25.0,10.0,15.0,20.0,20.0,15.0,20.0,25.0
Revenue260
Efficiency88.82
Round: 3
Number of Bids59
Allocation8,6,2,2,8,2,1,8,8,3,6,8
Prices25.0,25.0,40.0,35.0,30.0,15.0,15.0,25.0,25.0,20.0,25.0,25.0
Revenue305
Efficiency95.48
Round: 4
Number of Bids66
Allocation7,6,2,2,8,3,1,7,8,6,5,8
Prices30.0,25.0,40.0,35.0,30.0,25.0,15.0,30.0,25.0,25.0,30.0,25.0
Revenue335
Efficiency96.56
Round: 5
Number of Bids71
Allocation8,6,2,2,8,4,1,7,8,3,5,8
Prices35.0,25.0,40.0,35.0,30.0,30.0,15.0,35.0,25.0,30.0,30.0,25.0
Revenue355
Efficiency97.85
Round: 6
Number of Bids74
Allocation7,6,2,2,8,4,1,8,8,6,5,8
Prices40.0,25.0,40.0,35.0,30.0,30.0,15.0,40.0,25.0,35.0,30.0,25.0
Revenue370
Efficiency98.49
Round: 7
Number of Bids75
Allocation8,6,2,2,8,4,1,8,8,6,5,8
Prices45.0,25.0,40.0,35.0,30.0,30.0,15.0,40.0,25.0,35.0,30.0,25.0
Revenue375
Efficiency100.00
Round: 8
Number of Bids75
Allocation8,6,2,2,8,4,1,8,8,6,5,8
Prices45.0,25.0,40.0,35.0,30.0,30.0,15.0,40.0,25.0,35.0,30.0,25.0
Revenue375
Efficiency100.00
Auction: 8
Number of Rounds13
Allocation5,2,6,6,8,2,3,4,7,5,4,4
Optimal Allocation5,2,6,7,8,2,3,4,7,5,4,4
Final Price35.0,30.0,40.0,25.0,30.0,20.0,40.0,30.0,35.0,25.0,35.0,25.0
Surplus454
Optimal Surplus456
Revenue370
Total Penalties0
Total Profits84
Efficiency (surplus/opt_surplus)99.56
Revenue Ratio (revenue/opt_surplus)81.14
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)81.14
Bidder Earnings0 , 23 , 2 , 14 , 27 , 1 , 6 , 11 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning0 , 23 , 2 , 14 , 27 , 1 , 6 , 11 ,
Round: 1
Number of Bids30
Allocation5,2,2,7,7,3,1,7,8,3,5,7
Prices15.0,30.0,30.0,20.0,25.0,15.0,5.0,15.0,20.0,15.0,10.0,20.0
Revenue220
Efficiency76.32
Round: 2
Number of Bids43
Allocation7,2,6,7,8,3,4,4,3,6,6,7
Prices20.0,30.0,35.0,20.0,30.0,15.0,10.0,20.0,30.0,20.0,15.0,20.0
Revenue265
Efficiency77.63
Round: 3
Number of Bids54
Allocation7,2,6,7,8,2,2,4,7,5,5,7
Prices25.0,30.0,35.0,20.0,30.0,20.0,15.0,20.0,35.0,25.0,20.0,20.0
Revenue295
Efficiency91.89
Round: 4
Number of Bids62
Allocation1,2,6,6,8,2,3,4,7,5,3,4
Prices30.0,30.0,35.0,25.0,30.0,20.0,20.0,20.0,35.0,25.0,30.0,25.0
Revenue325
Efficiency96.05
Round: 5
Number of Bids67
Allocation5,2,6,6,8,2,2,4,7,5,4,4
Prices35.0,30.0,40.0,25.0,30.0,20.0,25.0,20.0,35.0,25.0,35.0,25.0
Revenue345
Efficiency98.25
Round: 6
Number of Bids68
Allocation5,2,0,6,8,2,3,4,7,5,4,4
Prices35.0,30.0,30.0,25.0,30.0,20.0,30.0,20.0,35.0,25.0,35.0,25.0
Revenue350
Efficiency99.56
Round: 7
Number of Bids69
Allocation5,2,2,6,8,2,3,4,7,5,4,4
Prices35.0,30.0,35.0,25.0,30.0,20.0,30.0,20.0,35.0,25.0,35.0,25.0
Revenue345
Efficiency98.90
Round: 8
Number of Bids70
Allocation5,2,6,6,8,2,3,4,7,5,4,4
Prices35.0,30.0,40.0,25.0,30.0,20.0,30.0,20.0,35.0,25.0,35.0,25.0
Revenue350
Efficiency99.56
Round: 9
Number of Bids71
Allocation5,2,6,6,8,2,2,4,7,5,4,4
Prices35.0,30.0,40.0,25.0,30.0,20.0,35.0,20.0,35.0,25.0,35.0,25.0
Revenue355
Efficiency98.25
Round: 10
Number of Bids72
Allocation5,2,6,6,8,2,3,4,7,5,4,4
Prices35.0,30.0,40.0,25.0,30.0,20.0,40.0,20.0,35.0,25.0,35.0,25.0
Revenue360
Efficiency99.56
Round: 11
Number of Bids73
Allocation5,2,6,6,8,2,3,2,7,5,4,4
Prices35.0,30.0,40.0,25.0,30.0,20.0,40.0,25.0,35.0,25.0,35.0,25.0
Revenue365
Efficiency98.25
Round: 12
Number of Bids74
Allocation5,2,6,6,8,2,3,4,7,5,4,4
Prices35.0,30.0,40.0,25.0,30.0,20.0,40.0,30.0,35.0,25.0,35.0,25.0
Revenue370
Efficiency99.56
Round: 13
Number of Bids74
Allocation5,2,6,6,8,2,3,4,7,5,4,4
Prices35.0,30.0,40.0,25.0,30.0,20.0,40.0,30.0,35.0,25.0,35.0,25.0
Revenue370
Efficiency99.56
Auction: 9
Number of Rounds8
Allocation8,2,5,8,3,3,1,8,8,6,4,6
Optimal Allocation8,2,5,8,3,4,1,8,8,6,4,8
Final Price30.0,40.0,20.0,30.0,35.0,35.0,15.0,35.0,35.0,30.0,20.0,45.0
Surplus431
Optimal Surplus431
Revenue370
Total Penalties0
Total Profits61
Efficiency (surplus/opt_surplus)100.00
Revenue Ratio (revenue/opt_surplus)85.85
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)85.85
Bidder Earnings13 , 3 , 8 , 5 , 4 , 12 , 0 , 16 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning13 , 3 , 8 , 5 , 4 , 12 , 0 , 16 ,
Round: 1
Number of Bids30
Allocation8,2,2,2,8,4,3,7,7,5,3,8
Prices15.0,30.0,15.0,25.0,10.0,5.0,10.0,15.0,25.0,15.0,10.0,15.0
Revenue190
Efficiency74.25
Round: 2
Number of Bids46
Allocation7,2,5,8,1,4,1,4,5,6,6,7
Prices20.0,30.0,20.0,30.0,15.0,5.0,15.0,20.0,30.0,20.0,15.0,20.0
Revenue240
Efficiency92.58
Round: 3
Number of Bids57
Allocation8,2,5,8,3,2,1,8,8,5,4,6
Prices30.0,30.0,20.0,30.0,20.0,10.0,15.0,25.0,35.0,25.0,20.0,25.0
Revenue285
Efficiency92.81
Round: 4
Number of Bids65
Allocation8,6,5,8,1,4,1,4,8,6,4,7
Prices30.0,35.0,20.0,30.0,25.0,15.0,15.0,30.0,35.0,30.0,20.0,30.0
Revenue315
Efficiency94.90
Round: 5
Number of Bids72
Allocation8,2,5,8,3,3,1,8,8,6,4,6
Prices30.0,40.0,20.0,30.0,35.0,20.0,15.0,35.0,35.0,30.0,20.0,35.0
Revenue345
Efficiency100.00
Round: 6
Number of Bids75
Allocation8,2,5,8,3,2,1,8,8,6,4,8
Prices30.0,40.0,20.0,30.0,35.0,25.0,15.0,35.0,35.0,30.0,20.0,40.0
Revenue355
Efficiency96.52
Round: 7
Number of Bids78
Allocation8,2,5,8,3,3,1,8,8,6,4,6
Prices30.0,40.0,20.0,30.0,35.0,35.0,15.0,35.0,35.0,30.0,20.0,45.0
Revenue370
Efficiency100.00
Round: 8
Number of Bids78
Allocation8,2,5,8,3,3,1,8,8,6,4,6
Prices30.0,40.0,20.0,30.0,35.0,35.0,15.0,35.0,35.0,30.0,20.0,45.0
Revenue370
Efficiency100.00
Auction: 10
Number of Rounds6
Allocation1,1,2,8,7,3,4,2,7,6,5,7
Optimal Allocation1,1,2,7,7,3,1,7,7,6,5,7
Final Price25.0,25.0,25.0,15.0,25.0,15.0,15.0,45.0,20.0,30.0,15.0,30.0
Surplus392
Optimal Surplus400
Revenue285
Total Penalties0
Total Profits107
Efficiency (surplus/opt_surplus)98.00
Revenue Ratio (revenue/opt_surplus)71.25
Adjusted Revenue Ratio ((revenue + penalties)/opt_surplus)71.25
Bidder Earnings28 , 1 , 19 , 6 , 20 , 9 , 21 , 3 ,
Bidder Penalties0 , 0 , 0 , 0 , 0 , 0 , 0 , 0 ,
Bidder Net Earning28 , 1 , 19 , 6 , 20 , 9 , 21 , 3 ,
Round: 1
Number of Bids30
Allocation7,5,6,8,8,2,2,2,7,6,5,8
Prices15.0,15.0,10.0,15.0,10.0,10.0,10.0,30.0,20.0,10.0,15.0,10.0
Revenue170
Efficiency72.25
Round: 2
Number of Bids44
Allocation8,6,6,8,3,3,4,7,7,3,5,7
Prices20.0,20.0,10.0,15.0,20.0,15.0,15.0,35.0,20.0,15.0,15.0,15.0
Revenue215
Efficiency84.75
Round: 3
Number of Bids55
Allocation1,1,2,8,7,3,4,7,7,6,5,8
Prices25.0,25.0,15.0,15.0,25.0,15.0,15.0,40.0,20.0,20.0,15.0,25.0
Revenue255
Efficiency96.75
Round: 4
Number of Bids60
Allocation1,1,6,8,7,3,4,2,7,3,5,7
Prices25.0,25.0,20.0,15.0,25.0,15.0,15.0,45.0,20.0,25.0,15.0,30.0
Revenue275
Efficiency94.00
Round: 5
Number of Bids62
Allocation1,1,2,8,7,3,4,2,7,6,5,7
Prices25.0,25.0,25.0,15.0,25.0,15.0,15.0,45.0,20.0,30.0,15.0,30.0
Revenue285
Efficiency98.00
Round: 6
Number of Bids62
Allocation1,1,2,8,7,3,4,2,7,6,5,7
Prices25.0,25.0,25.0,15.0,25.0,15.0,15.0,45.0,20.0,30.0,15.0,30.0
Revenue285
Efficiency98.00