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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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