Doncouse_Jeremy_Week7-1

Doncouse_Jeremy_Week7-1 - Jeremy Doncouse ECON202 Chapter...

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Jeremy Doncouse ECON202 Chapter 29 Key Questions 11/15/08 2) The paradox of voting is a situation in which society may not be able to rank its preferences consistently through paired-choice majority voting. Rankings Public As you can see in the preceeding table, if any two public goods are choosen two voters will vote for one good Good Jay Dave Conan while the other will vote for the second good. This is because between a limited number of options each Courthouse 2nd 1st 3rd person has a different preference. Even though it makes more sense to choose a courhouse or school over School 3rd 2nd 1st a park voters will choose park over one because of the limited number of combinations possible. For example, Park 1st 3rd 2nd if you pit park against courthouse, both Jay and Conan will vote park while only Dave will vote courthouse. 3) Preferences In a 5-person society they will each choose equally Plan Bob Peter Jeremy Dan Steve between all the plans, so the only way to narrow it No new construction
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This note was uploaded on 03/08/2011 for the course ECON 202 taught by Professor Unknown during the Fall '08 term at Mountain State.

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Doncouse_Jeremy_Week7-1 - Jeremy Doncouse ECON202 Chapter...

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