Question

The example of logrolling used in the text assumes that the transactions costs of vote trading are zero. Suppose instead that voters A and C have to incur expenditures equal to $60 per week to reach agreement on the vote-trading scheme. Show how this would prevent successful logrolling. Also show how logrolling would be impossible if the marginal benefit of the first security guard were only $150 to voter A and transactions costs were zero.


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  • CreatedAugust 22, 2015
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