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(Single-Peaked Preferences I ) There is a unit of a divisible good available. Both A and B like to get as much as possible of
(Single-Peaked Preferences I ) There is a unit of a divisible good available. Both A and B like to get as much as possible of this good. Find the utilitarian, Rawlsian, and dictatorial (when each individual can be the dictator) optima in these following two cases: (a) uA(sA)=(sA43)2,uB(sB)=(sB43)2 (b) uA(sA)=(sA41)2,uB(sB)=(sB21)2 where si is the share that i receives. Try and provide some economic intuition for the results you obtain. (Single-Peaked Preferences I ) There is a unit of a divisible good available. Both A and B like to get as much as possible of this good. Find the utilitarian, Rawlsian, and dictatorial (when each individual can be the dictator) optima in these following two cases: (a) uA(sA)=(sA43)2,uB(sB)=(sB43)2 (b) uA(sA)=(sA41)2,uB(sB)=(sB21)2 where si is the share that i receives. Try and provide some economic intuition for the results you obtain
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