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Suppose that in the Baron-Ferejohn model of external accountability ex post delta = 0.5 =0.5, R = 0.2 R =0.2, theta = 1 =1. Calculate
Suppose that in the Baron-Ferejohn model of external accountability ex post \delta = 0.5
=0.5, R = 0.2
R=0.2, \theta = 1
=1. Calculate social welfare u(x) = \theta x
u(x)=x for the following re-election thresholds: u^{*} = 0.5
u
=0.5, u^{*} = 0.6
u
=0.6, u^{*} = 0.7
u
=0.7. (Enter three numbers in the respective order).
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