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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 5
Three friends are trying to decide where to go to dinner. There are four restaurants nearby: Thai, Italian, Tex-Mex, and sushi. Assume the friends have the following preferences:
a. The friends decide to hold a majority vote that pits the Thai place against the Italian; the winner of that vote against the Tex-Mex; and then the next winner against the sushi. Which restaurant do they end up going to?
b. If they vote on sushi versus Tex-Mex, the winner against Italian, and then the winner against Thai, which restaurant will they choose?
c. Which of the criteria for an ideal voting system is violated in this example?
a. The friends decide to hold a majority vote that pits the Thai place against the Italian; the winner of that vote against the Tex-Mex; and then the next winner against the sushi. Which restaurant do they end up going to?
b. If they vote on sushi versus Tex-Mex, the winner against Italian, and then the winner against Thai, which restaurant will they choose?
c. Which of the criteria for an ideal voting system is violated in this example?
Explanation
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Given information:
Table -1 shows the p...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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