Entry and Congestion Game: Start Experiment
(Page 1 of 6)
Experiment Title:
Session Name:
Students will need to use this session name to join
your
experiment.
They can log in from
veconlab.econ.virginia.edu/login.htm
Admin Password:
(up to 4 letters or numbers, e.g.
1234
)
Verify password:
Choose Setup
Defaults
The default Entry/Congestion Game setup begins with a single-group configuration in which excess entry results in congestion in treatment 1, followed by a case where an entry toll reduces congestion in the second treatment. You should specify the number of participants, and the defaults will be set so that the equilibrium entry rate is about two thirds without the toll and about one third with the toll.
Customize
This option allows you to adjust all parameter settings.
Last Setup
This retrieves parameters from the previous setup with this session name.
Number of Treatments:
1
2
Setup Option:
Entry/Congestion
Regional Development/Coordination Game
Payoff Specification:
Formula-Based Payoffs
Customized Payoffs
Number of Participants (required):
2
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Note:
The default Development Game sets up an
n
-person coordination game with binary choices (enter/invest or not), in which payoffs jump up once a critical mass of investors is reached. The default payoffs are based on formulas, but if you click on Customized Payoffs, you will get the chance to modify the formula-based payoff for each number of entrants.
V
e
con Lab - February 9, 2012