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consider five people with the preference rankings over four projects a b c and d as followsa draw the preferences by
the design of the health care system involves issues of information at several points the potential users patients are
the government can help those people most in need by either giving them cash or providing free meals what is the
there are two types of jobs in the economy good and bad and two types of workers qualified and unqualified the
in the preceding question assume that new cars sell for 18000 and used cars sell for 2000 if there is no depreciation
it is known that some fraction d of all new cars are defective defective cars cannot be identified as such except by
a firm hires two kinds of workers alphas and betas one cant tell a beta from an alpha by looking at her but an alpha
despite the negative stereotype of lsquolsquowomen drivers women under age of 25 are on average noticeably better
consider four people with preference rankings over three projects a b and c as followsa assume that voters cast their
in a transferable voting system each voter provides a ranking of the candidates the candidate with the lowest number of
which of arrows conditions is removed to prove the median voter theorem which condition does the borda rule violate
consider a scoring rule in which the preferred option is given one point and all others nonea show that this need not
construct an example of preferences for which the majority voting outcome is not the median given these preferences
you are competing for a rent with one rival your valuation and your competitors valuation are private information you
three firms have applied for the franchise to operate the cable tv system during the coming year the annual cost of
consider the following situation there are n gt 2 players competing for a chance to win benefits from the government of
discuss the following quote from cowell 1995 lsquolsquothe main disadvantage of gini is that an income transfer from a
consider a hypothetical island with only ten people eight have income of 10000 one has income of 50000 and one has
for the linear demand function x a - bp calculate the deadweight loss of introducing a commodity tax t when the
an economy has a single consumption good produced using labor and a single consumer the production process has
have a look at actual income distribution in the united states available on the web site
a consumer with utility function u yfrac12 has to choose between a job that provides income y0 but no possibility of
tax revenue is given by rt tbt where t 0 1 is the tax rate and bt is the tax base suppose that the tax elasticity of
under the negative income tax all individuals are guaranteed a minimum standard of living by being awarded a grant and
stern 1976 the numerical analysis of income taxation has often assumed that the skill distribution is identical to the