In the figure below, we see that traditional one-person-one-vote (1p1v) majority voting results in an inefficient majority yes vote (two in favor, one opposed). Let's
In the figure below, we see that traditional one-person-one-vote (1p1v) majority voting results in an inefficient majority "yes" vote (two in favor, one opposed). Let's see whether the outcome is better under quadratic voting. (Note: When answering the questions below, assume a quadratic voting system.Alsoassume that theamounts shown in thefigurereflect the value of the benefits of a proposedpublic goodto each individual voter. And, assume that if the vote passes, each voter will be required to pay $300 in additional taxes.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To analyze whether the outcome is better under quadratic voting we need to compare the outcomes under both voting methods Traditional OnePersonOneVote ...See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
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