Consider the following two sets of individuals and their group preference rankings, aggregated using the same voting rule. 1: individual preferences: x>y>z>w, y>z>w>x, and z>w>x>y group preferences: x>Gy, z>Gx, w>Gx, y>Gw, y>Gz and z>Gw 2:individual preferences: y>z>x>w, y>w>x>z, and y>w>z>x group preferences: y>Gx, y>Gw, z>Gy, x>Gw, z>Gx, and z>Gw Question: Which of Arrow's conditions (P, D, I, or Transitivity) is violated by their group preferences? (hint: checking I requires comparing the outcomes in the two different groups to find a violation).
Consider the following two sets of individuals and their group preference rankings, aggregated using the same voting rule. 1: individual preferences: x>y>z>w, y>z>w>x, and z>w>x>y group preferences: x>Gy, z>Gx, w>Gx, y>Gw, y>Gz and z>Gw 2:individual preferences: y>z>x>w, y>w>x>z, and y>w>z>x group preferences: y>Gx, y>Gw, z>Gy, x>Gw, z>Gx, and z>Gw Question: Which of Arrow's conditions (P, D, I, or Transitivity) is violated by their group preferences? (hint: checking I requires comparing the outcomes in the two different groups to find a violation).
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Consider the following two sets of individuals and their group preference rankings, aggregated using the same voting rule.
1: individual preferences: x>y>z>w, y>z>w>x, and z>w>x>y
group preferences: x>Gy, z>Gx, w>Gx, y>Gw, y>Gz and z>Gw
2:individual preferences: y>z>x>w, y>w>x>z, and y>w>z>x
group preferences: y>Gx, y>Gw, z>Gy, x>Gw, z>Gx, and z>Gw
Question: Which of Arrow's conditions (P, D, I, or Transitivity) is violated by their group preferences? (hint: checking I requires comparing the outcomes in the two different groups to find a violation).
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education