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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