Question: Problem V. Shared Driveway {55 points) Recall the textbook example where two neigh- bors share a driveway. Suppose each person gets utility on the private

 Problem V. Shared Driveway {55 points) Recall the textbook example where
two neigh- bors share a driveway. Suppose each person gets utility on

Problem V. Shared Driveway {55 points) Recall the textbook example where two neigh- bors share a driveway. Suppose each person gets utility on the private consumption good, 6, and the driveway1 D = d; + :12, such that til-(oi, D) = ln[q) + Tiln(D}. Price of snowplow ingfrepairmg services is p in terms of the consumption good. Each person has income Ii. Let 6:- E pig/Ii denote the income share of driveway expenditures for person 1'. First, assume that "f1 = 72 =7 and I1 = I2 =I

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