One way to determine social outcomes is to have people vote. The table below shows the rankings
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Question:
One way to determine social outcomes is to have people vote. The table below shows the rankings of three individuals over three possible public goods (the option ranked 1 is most preferred).
Tony | Maria | Jack | |
Skate Park | 1 | 2 | 3 |
Opera House | 3 | 1 | 2 |
Public Park | 2 | 3 | 1 |
- If the options are voted on in a pairwise fashion (Borda count), and you control the order of the voting, how would you ensure that the Skate Park wins?
- Instead suppose that we use rank-order voting. Explain why it matters whether we vote on the Skate Park versus the Opera House, versus voting on all three options together.
Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
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