Question
Individual Voter Willingness to Pay for the Listed Public Projects Public Good Garcia Johnson Lee National defense $400 $50 $150 Road 100 300 100 Weather
Public Good | Garcia | Johnson | Lee |
National defense | $400 | $50 | $150 |
Road | 100 | 300 | 100 |
Weather warning system | 0 | 150 | 250 |
a. Assume that voting will be done using a quadratic voting system and that Garcia, Johnson, and Lee are each given $500 that can only be spent on purchasing votes (i.e., any unspent money has to be returned). How many votes will Garcia purchase to support national defense? How many for the road? Place those values into the appropriate blanks in the table below and then do the same for the blanks for Johnson and Lee. Assume there are no additional costs beyond the cost of purchasing votes and that votes must be purchased in whole numbers.
Instructions: Enter your answers as a whole number on the chart.
Public Good | Garcia | Johnson | Lee |
National defense | 12 | ||
Road | 17 | ||
Weather warning system | 0 |
b. Across all three voters, how many votes are there in favor of national defense? The road? The weather warning system?
Votes for national defense: ___
Votes for road: ___
Votes for weather warning system: ___
c. If a paired-choice vote is taken of national defense versus the road, which one wins?
(Click to select) National defense Road Indeterminate
d. If a paired-choice vote is taken of the road versus the weather warning system, which one wins?
(Click to select) Indeterminate Weather warning system Road
e. If a paired-choice vote is taken of national defense versus the weather warning system, which one wins?
(Click to select) Indeterminate Weather warning system National defense
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started