In the figure below, we see that traditional one-person-one-vote (1p1v) majority voting results in an inefficient...
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In the figure below, we see that traditional one-person-one-vote (1p1v) majority voting results in an inefficient majority "yes" vote (two in favor, one opposed). Let's see whether the outcome is better under quadratic voting. (Note: When answering the questions below, assume a quadratic voting system. Also assume that the amounts shown in the figure reflect the value of the benefits of a proposed public good to each individual voter. And, assume that if the vote passes, each voter will be required to pay $300 in additional taxes.) х Benefit; Tax 600 500 400 300 200 100 Voting Outcomes 350 360 a. How much will Garcia be willing to spend on votes? Up to $ b. How much each will Johnson and Lee be willing to spend on votes? Up to $ c. How many votes will Garcia purchase? votes each How many will Johnson and Lee each purchase? votes each d. What is the total number of votes cast for "No"? For "Yes"? In the figure below, we see that traditional one-person-one-vote (1p1v) majority voting results in an inefficient majority "yes" vote (two in favor, one opposed). Let's see whether the outcome is better under quadratic voting. (Note: When answering the questions below, assume a quadratic voting system. Also assume that the amounts shown in the figure reflect the value of the benefits of a proposed public good to each individual voter. And, assume that if the vote passes, each voter will be required to pay $300 in additional taxes.) х Benefit; Tax 600 500 400 300 200 100 Voting Outcomes 350 360 a. How much will Garcia be willing to spend on votes? Up to $ b. How much each will Johnson and Lee be willing to spend on votes? Up to $ c. How many votes will Garcia purchase? votes each How many will Johnson and Lee each purchase? votes each d. What is the total number of votes cast for "No"? For "Yes"?
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Related Book For
An Introduction to Management Science Quantitative Approach to Decision Making
ISBN: 978-1337406529
15th edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
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