Exp6Sec13

# Exp6Sec13 - Experiment 6 Section 13 Problem 6.1 Table 6.7...

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Experiment 6 Section 13 Problem 6.1 Table 6.7: Experimental Results in Session 1 Mean Price \$21.57 Number of Lawn Ornaments Sold 15 Total Profits of Sellers from Transactions \$98.50 Total Profits of Buyers from Transactions \$186.50 Total Cost of Pollution \$310.05 Total Profits of All Residents, Net of Pollution Costs -\$25.05 Problem 6.2 Table 6.8 Mean Price \$33.11 Number of Lawn Ornaments Sold 9 Total After-Tax Profits of Sellers from Transactions -\$14.00 Total Profits of Buyers from Transactions \$42.00 Total Tax Revenue \$180.00 Total Cost of Pollution \$186.03 Total Profits and Tax Revenue of All Residents, Net of Pollution Costs \$21.97 Problem 6.3 Table 6.9: Experimental Results in Session 3 Mean Price of Ornaments \$31.72 Mean Price of Permits \$9.94 Number of Lawn Ornaments Sold 9 Profits of Lawn Ornament Sellers from Transactions \$64.00 Profits of Lawn Ornament Buyers From Transactions \$59.50 Total Revenue of Permit Sellers \$89.50 Total Cost of Pollution \$186.03 Total Profits of All Residents, Net of Pollution Costs. \$26.97 Figure 6.5 \$25 \$30 \$35 \$40 \$45 \$50 n Ornaments CE2

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Table 6.10: Predictions of the Theory:
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