Discussion:
Each chapter answer should not be more than 300 words
Sometimes one might talk about the welfare of group of people saying . example are farmer which will help native Americans . Do group have preferences as such statement imply? what do you mean when we talk about the welfare of a group?
Explian the relationships among market exchange . majority rule and unanimity rule can it be said that unanimity rule in the public sectors is analogous to market exchange majority rule and unanimity rule can it be said that unanimity rule in the public sector is analogous to market exchange in the private sector?
3} If unanimity rule require that pareto superior moves be the result of any decision while majority rule allows the possibility of non- paroto superior moves , explain why a group might still rather use majority rule rather than unanimity to make its decisions ..
4} Explain the theory of calculation of an optimal decision making rule relate this theory to some decision making rules in the real world
5} Explain how one would determine the optimal size of sharing group for public good.
6} in the united there are many levels of government including local state and federal why does this argument make sense from strictly economic point of view .
7. give two reasons individual might prefer to belong to group that allows reprensentivtives to make decisions for the group rather than to have a group in which everyone participates in making every decision.
8} what is meant by a procedural theory ofjustice? Explain the difference between a procedual theory and one that judges outcomes . How could the concept be applied to antitrust law?
9} Explain the strategy of TIT FORTAT in the prisoner dilemma game . what charactertics does this strategy have that makes it effective overall strategy both in the game and in the real world ?
10} Why does normative analysis play a more significant part in analyzing public sector activities than private sector activities ..