Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider a population of citizens with political preferencesxdistributed from left to right on [0,4]. They also have a cost of votingcdistributed on [0,1]. The two

Consider a population of citizens with political preferencesxdistributed from left to right on [0,4]. They also have a cost of votingcdistributed on [0,1]. The two parameters are independent and both are distributed uniformly in the population.

Two candidates, A and B, are running for an election, with policy positionspA=1andpB=3.

An individualiwith preferencexreceives utilityU(xi,pj,ci)=1ci|pjxi|+miif he votes for candidatej(wherej= A or B).mis the amount of money individualireceives to vote (if any).

For instance, ifxi=4andci=1, individualireceives utilityU(4,3,1)=111+mi=mi1if he votes for candidate B. Note thatU(xi,pj,ci)can be < 0. Ifidoes not vote, he receives utility 0.

First, suppose there is no vote-buying:mi=0.

Q1) If forced to vote, what is the preference set for those who will vote for candidate A?

Enter the numeric component below as an integer value.

Q2) If forced to vote, what is the preference set for those who will vote for candidate B?

Enter the numeric component below as an integer value.

Q3) Withxon the x-axis andcon the y-axis, graphically consider which citizens vote and which candidate they pick. What fraction ofall citizens(i.e., even including those who don't vote) vote for candidate A?

Enter your answer as a simplified fraction (for example: 2/7).

Q4) In the first example above (1a-1d), what is the minimum payment candidate B must make in order to make this person indifferent between voting or not?

Enter your answer as an integer value.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics Principles And Policy

Authors: William J. Baumol, Alan S. Blinder

11th Edition

0324586213, 978-0324586213

More Books

Students also viewed these Economics questions

Question

=+ 5. How do unions affect the natural rate of unemployment?

Answered: 1 week ago