Table 1.

Buyer and seller reservation values (in dollars) by market period

	Period
	1	2	3	4	5
Buyer
1	19	14	17	13	14
2	18	9	10	17	11
3	17	10	11	16	13
4	16	11	12	15	9
5	13	12	16	14	18
6	14	13	14	19	15
7	15	16	14	12	19
8	12	14	15	11	16
9	11	15	13	10	17
10	10	17	18	9	14
11	9	18	19	14	10
12	14	19	9	18	12
Seller
1	13	18	9	12	13
2	9	17	13	11	14
3	10	16	13	9	15
4	11	15	8	10	16
5	12	14	10	13	17
6	8	13	11	13	18
7	13	13	12	14	8
8	14	12	14	15	9
9	15	11	15	16	10
10	16	10	16	17	11
11	17	9	17	18	12
12	18	8	18	8	13