Suppose that there are three voters with a < a? < a, and three possible unidimensional...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Suppose that there are three voters with a < a? < a°, and three possible unidimensional policies q1 < q2 < q3. Construct the preferences of the voters over the policies {q;}j=1,2,3 such that: a. [1 pts] both single peaked preferences and single crossing property are satisfied. Also, verify the Condorcet winner. b. [3 pts] both single peaked preferences and single crossing property are violated and there is no Condorcet winner. Please verify that there is no Condorcet winner. c. [4 pts] both single peaked preferences and single crossing property are violated but there is a Condorcet winner. Also verify the winner. Suppose that there are three voters with a < a? < a°, and three possible unidimensional policies q1 < q2 < q3. Construct the preferences of the voters over the policies {q;}j=1,2,3 such that: a. [1 pts] both single peaked preferences and single crossing property are satisfied. Also, verify the Condorcet winner. b. [3 pts] both single peaked preferences and single crossing property are violated and there is no Condorcet winner. Please verify that there is no Condorcet winner. c. [4 pts] both single peaked preferences and single crossing property are violated but there is a Condorcet winner. Also verify the winner.
Expert Answer:
Posted Date:
Students also viewed these economics questions
-
Suppose that there are three national football leagues: Time League, Goal Difference League, and Bonus for Win League. The leagues are of equal quality, but the players are paid differently. In the...
-
Suppose that there are no storage costs for crude oil and the interest rate for borrowing or lending is 5% per annum. How could you make money if the June and December futures contracts for a...
-
Suppose that there are exactly N identical firms in an industry, all with flat marginal cost curves. Industry demand is linear. How much does each firm produce, compared with the competitive...
-
Upon graduation from high school, John Abel immediately accepted a job as an electrician's assistant for a large local electrical repair company. After three years of hard work, John received an...
-
WLynwood Company produces surge protectors. To help control costs, Lynwood employs a standard costing system and uses a flexible budget to predict overhead costs at various levels of activity. For...
-
Marquis Company estimates that annual manufacturing overhead costs will be $800,000. Estimated annual operating activity bases are: direct labor cost $500,000, direct labor hours 50,000, and machine...
-
A current loop lying in the \(x y\) plane of an \(x y z\) coordinate system experiences a torque that is clockwise about the \(y\) axis when viewed looking down from the positive \(y\) axis toward...
-
Gretta Chung Associates surveys American eating habits. The companys accounts include Land, Buildings, Office Equipment, and Communication Equipment, with a separate Accumulated Depreciation account...
-
What are the triads using roman numerals and figured bass numbers for this excerpt? 30-3. Use Roman numerals and figured bass numbers to identify triads in these works. a. Schubert, "Death and the...
-
Problem (1) Month Monthly direct Given: cost 1,100,000 Required: 2 1. Calculate monthly costs 2. Calculate invoices value 1,500,000 1. Indirect cost 100,000 EGP/month 2. Mark up value = 5% 3. Down...
-
Business A and Business B are both engaged in retailing, but seem to take a different approach to this trade according to the information available. This information consists of a table of ratios,...
-
Bill Smithson runs a second-hand furniture business from a shop which he rents. He does not keep complete accounting records, but is able to provide you with the following information about his...
-
V. Fraga is a trader who sells all of his goods at 30% above cost. His books give the following information at 31 December 2013 You are required to: (a) Ascertain cost of goods sold. (b) Show the...
-
Fails business has a rate of inventory turnover of 10 times per year. Average inventory is 14,000. Mark-up is 40%. Expenses are 60% of gross profit. You are to calculate: (a) Cost of goods sold. (b)...
-
From the following information, calculate: (a) Earnings per share; (b) Price/earnings ratio; (c) Dividend yield; and (d) Dividend cover. (i) Net profit after interest and tax and preference dividends...
-
Suppose the 4-hr unit hydrograph for a watershed is Time (hr) 0 2 UH (m/s/10 mm) 0 15 45 14 10 12 50 25 10 0 4 6 8 65 (a) Determine the 2-hr unit hydrograph. (b) From the frequency analysis, the...
-
Using the information presented in Problem 13.4B, prepare a partial statement of cash flows for the current year, showing the computation of net cash flows from operating activities using the...
-
Perhaps the most famous case illustrating the enormous cost of winning back lost customers is that of the Tylenol Murders. Seven people in the Chicago area died suddenly after taking Tylenol...
-
Give a brief rationale for empowerment.
-
Describe the concept of MBWA.
Study smarter with the SolutionInn App