Question: MC5 : Single-peakedness in preference distributions (as discussed by Maskin) does not refer to: a) The expectation that each individual's preferences are ideological , and

MC5: "Single-peakedness" in preference distributions (as discussed by Maskin) doesnotrefer to:

a) The expectation that each individual's preferences areideological, and can thus be arrayed in a linear way, with alternatives closer to the individual's ideal point being preferred to those further away from it.

b) The idea that not all preference orderings are likely to occur in reality.

c) A phenomenon which helps Condorcet methods avoid cycles.

d) Situations wherein a set of individual preference orderings can only be given a decisive social ordering by one voting method or aggregation rule.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!