Question
Suppose that there is a natural order of political parties on the left-right axis: A = (; ; ; ), with being the (most) leftist
Suppose that there is a natural order of political parties on the left-right axis: A = (; ; ; ), with being the (most) leftist party and the most rightist party. Suppose that there are 100 voters with single-peaked preferences. 10 voters prefer ; 25 prefer ; 30 prefer and 35 prefer : (a) Who is the Condorcet winner?
(b) What would happen if the Party pulled out of the race? Who wins?
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Modeling Monetary Economies
Authors: Bruce Champ, Scott Freeman, Joseph Haslag
4th Edition
1316508671, 1316508676, 9781316723302 , 978-1107145221
