Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

For each of the following societies state whether the preferences satisfy Sen's value restriction criterion, that is that for any three outcomes, all voters agree that at least on of the outcomes is not first, middle or last. If not, identify the tuple of preferences that violate value restricted preferences. Assuming that the voting rule is majority rule, are the group preferences in societies without value restricted preferences transitive or intransitive?

Society 1: 

yP1,  xP1,  zP1, w 

wP2 , yP2, XP2, z 

zP3, yP3 , wP3 , x 

Society 2: 

yP1, wP1, zP1, x 

wP2, xP2 , yP2, z 

zP3 , wP3 , yP3 , x 

Society 3: 

yP1, wP1, zP1 , x 

zP2, xP2, yP2, w 

zP3, YP3, WP3, z

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92210561
  • Price:- $30

Priced at Now at $30, Verified Solution

Have any Question?


Related Questions in Business Economics

Assume student employees at wmu make an average of 12 an

Assume student employees at wmu make an average of $12 an hour with a standard deviation of $3. Assuming these hourly wages are normally distributed. What is the chance a randomly selected student employee makes more tha ...

A person who is hit by lightning had a 14 chance of being

A person who is hit by lightning had a 1/4 chance of being killed. What is the probability that someone who is struck by lightning will live to tell about it?

Whats your answer about the equilibrium change from an

What's your answer about the equilibrium change from an event which decreases both demand and supply? You don't need to provide graph here. Just describe the curve shifts and how the equilibrium price and equilibrium qua ...

You spoke with 10 people you know and found that they went

You spoke with 10 people you know and found that they went out 3, 2, 1, 5, 4, 2, and 3 times last week. You then would choose to calculate a 95% (or another level) confidence interval for the population mean.

Sals market receives a box of jen amp barrys fast fresh

Sal's Market receives a box of Jen & Barry's Fast Fresh Salad BagsTM. Each box contains 16 Caesar salad bags, 20 tossed salad bags, and 12 shredded cabbage bags. Suppose that each type salad bag has an equal chance of be ...

Assume that the hypothetical economy of mo has 8 workers in

Assume that the hypothetical economy of Mo has 8 workers in year 1, each working 1,500 hours per year (50 weeks at 30 hours per week). The total input of labor is 12,000 hours. Productivity (average real output per hour ...

A sample of 100 individuals was selected for a focus group

A sample of 100 individuals was selected for a focus group to determine information concerning consumer behavior. Among the questions asked was "Have you noticed our advertisements on TV?" Overall, 67 answered yes. 45 ma ...

In 2018 aman gave his church 50000 in cash he also gave his

In 2018 Aman gave his church $50,000 in cash. He also gave his alma mater university another $70,000 of appreciated stock (basis of $18,000). Aman's AGI is $200,000. What is Aman's charitable deduction for 2018?

In the us 82 of police officers have graduated from a

In the U.S., 82% of police officers have graduated from a police academy. If 300 police officers are chosen at random, what is the probability that at least 75% have graduated from a police academy? Keep intermediate ste ...

What are the differences between the programming lanaguages

What are the differences between the programming lanaguages of VHDL and Verilog? Why use one over the other? Provide some examples for pulsed waveforms.

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As