Question: The preference revelation problem associated with Lindahl pricing becomes more
The preference revelation problem associated with Lindahl pricing becomes more severe as the number of people in society increases. Why do you think this is true?
Answer to relevant QuestionsMatsusaka (1995) showed that states that provide for voter initiatives tend to have smaller government growth than do states without such a provision. Why might this be so? When energy companies wish to raise the rates they charge to their customers, they must first argue their case at a public hearing before a regulatory body. How does the free rider problem explain why energy companies are ...Refer to Table 4-1, which reports the composition of the U.S. generational accounts. Why might the political system in the United States have led to this pattern of intergenerational transfers? The commonwealth of Massachusetts recently ran an advertising campaign for testate lottery that claimed, “Even when you lose, you win.” The gist of the advertisement was that lottery revenue was used for particularly ...Suppose that a family with one child has $20,000 per year to spend on private godsend education, and further suppose that all education is privately provided. Draw this family’s budget constraint. Suppose now that an ...
Post your question