When decisions are made by majority rule, the individual consumption-payment link is broken.

Question

Quizplus · Accepted Answer

When decisions are made by majority rule, the individual consumption-payment link may be broken because the decision made may not be in line with the preferences of all individuals in the group. Those who voted against the decision may still have to bear the costs or consequences of the decision since it was made by the majority.

When Decisions Are Made by Majority Rule, the Individual Consumption-Payment