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Suppose we have the following three projects up for vote: A Highway, 3 Homeless Shelter, and a Port. There are three representatives who will individually
Suppose we have the following three projects up for vote: A Highway, 3 Homeless Shelter, and a Port. There are three representatives who will individually vote on the projects. The net social benets to the constituents of each representative are given in the table below. Note these benets may be negative, meaning that the policy actually does harm to the constituents of the representative. mmmm M\" ---E a. What are the total benets from each project? b. If a vote were held for each project, what would be the result for each project? Is this socially optimal? c. If these representatives were to logroll (trade votes) to get their preferred policy to pass, what would be the result? d. What's the change in well-being due to the logrolling? e. What is the connection between this problem and the issue of \"special interests\" in politics? Write a short paragraph commenting on this connection
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