Social choice mechanism, Strategic Management

Assume a city of 1 million people, 75% of who are willing to pay $1 maximum (each) to clean up pollution. The rest of the population is willing to pay $100 each to clean up pollution. Clean-up costs $3 million. It has been proposed that each person be taxed equally to pay for the pollution clean-up.

a) Will such regulation pass a majority rule?

b) Is it desirable from the point of view of the Pareto criterion?

c) Is it a good idea using the compensation principle?

d) Which social choice mechanism do you think is best on intuitive grounds and why?

Posted Date: 2/19/2013 6:47:45 AM | Location : United States







Related Discussions:- Social choice mechanism, Assignment Help, Ask Question on Social choice mechanism, Get Answer, Expert's Help, Social choice mechanism Discussions

Write discussion on Social choice mechanism
Your posts are moderated
Related Questions
Select an existing business that aligns their business strategy with employee performance. You may also use your own company. Consider the effect this alignment has had on sustaini

Here is the "Delta Products" case for Graduate Operations. You need to determine the number of hours for Mike's and Nikki's plan. To do this you need to compute the number of hours

conduct a strategic analysis, and write a report on a real-life business (MYER) . This report will focus on business-level strategy.

Opportunities: The hotel has now 20 spacious rooms that can offer excellent comfort and luxury to the upper middle class people who visit the place. The rooms are completely booke

Before conducting SWOT analysis, it is essential to conduct internal and external analysis for the company. Internal Analysis Product quality and variety: The cCompany is goo

Using a combination of online and paper resources, find out as much as you can about the seven materials listed below.  In particular, consider the QUANTITATIVE values for their pr

Times it consists concerned with the determination of the amount of time required to perform a unit of work. It consists of process of observing and recording the tim

Strategy Is Partly Proactive and It Is Partly Reactive 1. A company's strategy is usually a blend of (I) proactive actions on the part of mana­gers to increase the company's ma

Q. Illustrate about Value for money framework? The value for money (VFM) framework (the 3Es)  Economy (Cheap) e.g. is the organisation procuring resources at the lowe

RF and JT are both former international rugby players who, when they retired, formed their own business, WFH Trading Company.  The company that they established at first manufactur