Chapter 5: Q4. (page 114)
True or False: The median-voter model explains why politicians so often stake out fringe positions that appeal only to a small segment of the electorate.
Short Answer
The statement is true.
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Chapter 5: Q4. (page 114)
True or False: The median-voter model explains why politicians so often stake out fringe positions that appeal only to a small segment of the electorate.
The statement is true.
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Critique: 鈥淭hank goodness we have so many government regulatory agencies. They keep Big Business in check.鈥
Explain how affirmative and negative majority votes can sometimes lead to inefficient allocations of resources to public goods. Use Figures 5.2a and 5.2b to show how society might be better off if Garcia were allowed to buy votes.
Political advertising is often directed at winning over so-called swing voters, whose votes might go either way. Suppose that two political parties鈥攖he Freedom Party and the Liberty Party鈥攄isagree on whether to build a new road. Polling shows that of 1,000 total voters, 450 are firmly for the new road and 450 are firmly against the new road. Thus, each party will try to win over a majority of the 100 remaining swing voters.
a. Suppose that each party spends $5,000 on untargeted TV, radio, and newspaper ads that are equally likely to reach any and all voters. How much per voter will be spent by both parties combined?
b. Suppose that, instead, each party could direct all of its spending toward just the swing voters by using targeted social media ads. If all of the two parties鈥 combined spending is targeted at just swing voters, how much will be spent per swing voter?
c. Suppose that only the Freedom Party knows how to target voters using social media. How much per swing voter will it be spending? If at the same time the Liberty Party is still using only untargeted TV, radio, and newspaper ads, what portion of its total spending is likely to be reaching the 100, swing voters? How much per swing voter does that portion amount to?
d. Looking at your answers to part c, how much more per swing voter will the Freedom Party be spending than the Liberty Party? If spending per swing voter influences elections, which party is more likely to win?
Use your demand schedule for the public good, determined in problem 1, and the following supply schedule to ascertain the optimal quantity of this public good.
| Price (\() | |
| 19 | 1 |
| 16 | 2 |
| 13 | 3 |
| 10 | 4 |
| 7 | 5 |
| 4 | 6 |
| 2 | 7 |
| 1 | 8 |
| Price (\)) | Qs |
| 19 | 10 |
| 16 | 8 |
| 13 | 6 |
| 10 | 4 |
| 7 | 2 |
| 4 | 1 |
| 2 | - |
| 1 | - |
Does traditional one-person-one-vote (1p1v) majority voting allow voters to directly express differences in strengths of preference? Does quadratic voting do any better? Discuss the differences and then explain which system you prefer, and why.
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