Economics (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN: 9781337617383
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 31, Problem 3WNG
To determine

Probability of winning in election.

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Consider the race for governor of a small state. The population of the state is evenly divided between three cities-Riverville, Hanover, and Danbury. The governor's race is between Ron Ruskin (the mayor of Riverville) and Ted Topple (the mayor of Hanover). Assume that no matter what is said during the campaign, Ruskin can count on the support of 100% of the Riverville population, and Topple can count on the support of 100% of the Hanover population. Assume 100% voter participation. According to the result of majority-rule voting, the next governor will be the one preferred by the majority of the residents of The two candidates are asked in a debate about their support of recreational subsidies. Public opinion polls in the city you just identified have shown the following about the level of recreational subsidies desired: • 70% want a low level 20% want a medium level • 10% want a high level Assuming that voters prefer outcomes closer to their preferred choices to outcomes further away,…
Arrow's impossibility theorem states that under certain assumptions about preferences, no voting system exists that satisfies all of the following properties: • Unanimity • Transitivity • Independence of irrelevant alternatives • No dictators
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