Suppose we have the following information on benefits for three possible municipal projects that are heading to a vote: a) If logrolling is not allowed then which projects will be completed? b) If logrolling is allowed then describe how vote trading can lead to only the “right” projects being completed and the “wrong” projects not being completed? Justify your answer by describing the most likely vote trading scenario.
Suppose we have the following information on benefits for three possible municipal projects that are heading to a vote: a) If logrolling is not allowed then which projects will be completed? b) If logrolling is allowed then describe how vote trading can lead to only the “right” projects being completed and the “wrong” projects not being completed? Justify your answer by describing the most likely vote trading scenario.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Suppose we have the following information on benefits for three possible municipal projects that are heading to a vote:
a) If logrolling is not allowed then which projects will be completed? b) If logrolling is allowed then describe how vote trading can lead to only the “right” projects being completed and the “wrong” projects not being completed? Justify your answer by describing the most likely vote trading scenario.
Note:-
- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
- Answer completely.
- You will get up vote for sure.
Transcribed Image Text:Project
Dog Park
Theater
Soccer Field
Dirk
5
сл
-50
200
Lindsay
-200
160
VOTER
-90
Megan
190
-90
-80
Total Net
Benefits
-5
20
30
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