Question: The example of logrolling used in the text assumes that

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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