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Outline the median voter theorem and explain its importance to the successful
application of a majority voting system.
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- Political Economy Assume there are three voters: A, B and C. Voter preferences can be ranked along a left-to-right spectrum that ranges from 1-9; 1 being the most left leaning preference and 9 being the most right leaning preference. Suppose these voters will choose between candidates Smith and Jones in an upcoming election. Voter Id Preference(1-9) A 4 B 5 C 6 True/False Explain: If the median voter theorem holds, candidates Smith and Jones will either both adopt preference 5 OR one will adopt preference 4 while the other adopts preference 6. Suppose the electorate becomes more polarized; A moves from 4 to 1 while C moves from 6 to 9. B remains at 5. How does the median voter model predict candidates Smith and Jones will change their preference? Keeping the assumptions from B, how does the election result change if a tax on non-voters doubles the number of voters while preserving the distribution of preferences? If the tax in C induces 100%…Take a country like Sweden where tax levels are very high at 55% of GDP, but where PDI is also high at 70% of GDP. These statements seem contradictory. Calculate the size of social transfers, as a % of GDPWhy do we have candidate-centered elections (rather than party-centered elections) in the United States? single-member districts the Electoral College the Australian ballot independent expenditures all of the above none of the above
- When the government finances its purchases with a non distortionary tax a.The budget set is steeper compared to the per capita feasible set b.The budget set is identical to the per capita feasible set c.The budget set is flatter than the per capita feasible set d.None of the aboveConsider the following table of three politicians (Mowgli, Baloo and Kaa) ranking out of three political projects (renovate the bowling alley; build a theater; improve public transportation). The table illustrates which project each politician would like to see completed in the first place, in the second place 3 as well as third-hand. Each politician has one vote and there are two voting rounds. In a first round, two alternatives are pitted against each other. The alternative that receives a majority of the votes moves on to the second round and faces the third option there. The project that wins round two is conducted thereafter. Now suppose you are Kaa. If you have the power to decide about the voting order, how would you do? Första hand Andra hand Tredje hand Mowgli Bowlinghall Teater Kollektivtrafik Baloo Teater Kollektivtrafik Bowlinghall Kaa Kollektivtrafik Bowlinghall TeaterSuppose that Katie and Kelly each expect to receive $500 worth of marginal benefits from a proposed new recreation center, whereas Kerry expects to receive only $100 worth. If the proposed tax levied on each for the center would be $450, a majority vote will Multiple Choice pass this project. defeat this project and resources will be underallocated to it. defeat this project. pass this project and resources will be efficiently allocated to it.
- Question 2 A problem with the median voter outcome is that it does not take into account intensity of preferences. Suppose that the government decided to give multiple votes to people with strong preferences, pro or con. Does this solve the problem? Why or why not?The Coase Theorem: Select one: a. states that in some circumstances majority voting can yield inconsistent results. b. applies only to circumstances in which externalities are extensive and bargaining costs are high. c. advocates for the intervention of the government in solving externality problems. d. holds that the median voter will decide the outcome of elections. e. suggests that in some circumstances government intervention is not needed to resolve externality problems.Explain why majority rule respects the preferencesof the median voter rather than those of the averagevoter.
- Explain the predictions and assumptions of the median-votertheorem.It is not necessary that a government redistributing from rich to poor must have Rawlsian social preferences. Such redistribution is also consistent with utilitarian social preferences. True or false? Discuss.A top challenge for government programs that seek to reduce poverty is:
