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Experiment6_sec3

Experiment6_sec3 - Experiment 6 Section 3 Problem 6.1 Table...

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Experiment 6 Section 3 Problem 6.1 Table 6.7: Experimental Results in Session 1 Mean Price $21.80 Number of Lawn Ornaments Sold 15 Total Profits of Sellers from Transactions $92.00 Total Profits of Buyers from Transactions $183.00 Total Cost of Pollution $294.00 Total Profits of All Residents, Net of Pollution Costs -$19.00 Problem 6.2 Table 6.8 Mean Price $32.88 Number of Lawn Ornaments Sold 8 Total After-Tax Profits of Sellers from Transactions -$26.00 Total Profits of Buyers from Transactions $47.00 Total Tax Revenue $160.00 Total Cost of Pollution $156.80 Total Profits and Tax Revenue of All Residents, Net of Pollution Costs $24.20 Problem 6.3 Table 6.9: Experimental Results in Session 3 Mean Price of Ornaments $28.88 Mean Price of Permits $8.50 Number of Lawn Ornaments Sold 8 Profits of Lawn Ornament Sellers from Transactions $49.00 Profits of Lawn Ornament Buyers From Transactions $69.00 Total Revenue of Permit Sellers $68.00 Total Cost of Pollution $156.80 Total Profits of All Residents, Net of Pollution Costs. $29.20 Figure 6.5 $15 $20 $25 $30 $35 $40 $45 $50 of Lawn Ornaments CE2 CE1
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Table 6.10:
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