Explain how affirmative and negative majority votes can sometimes lead to inefficient allocations of resources to public
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Figure 17.1a.,b Inefficient votingoutcomes.
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Total benefit $1150 Total cost $900 Total benefit $800 Total cost = $900 $700 Adams $300 per person tax $300 per- person tax $350 $350 $300 $300 $250 $200 $100 (Votes) (Yes) (No) No) (No) (Yes) 0 Inefficient majority "no" vote Inefficient majority "yes" vote
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The problem arises because the oneperson onevote rule does not allow voters to register the strength of their preferences In the texts example three p...View the full answer
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Related Book For
Economics
ISBN: 978-0073375694
18th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
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