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
Q. Calculate the Earnings per share? EPS = Profit available to ordinary shareholders (PAT)/Weighted average number of shares in issue (Pence per share) This ratio shows t

Ask quest''Blue Ocean Strategy’ a. What is it? b. What are its characteristics? c. If you were to develop a Blue Ocean Strategy for a firm of your choice (any industry, any size,

Fisher price is famous for manufacturing quality toys at moderate prices. Fisher price is the best known brand for toys. It enjoys the largest market share of around 65% in the ind

Jidoka - Quality At Source Jidoka was first introduced by Dr Taichi Ohno into the Toyota Motor Company in the early 1960s. In the process of producing an efficient material fl

Imagine you have been asked to contribute to planning a session on leadership,collaboration and teamwork in a cultural diverse workplace for your organization. The leaders of this

.” Differentiate between corporate mission and strategic vision by taking corporate illustrations

LD is the owner and manager of her own florist business, LD Flowers. Although starting out initially as a hobby, it has developed into a sustainable business. LD's original busines

Q. Calculate the Price earnings ratio? Price earnings (PE) ratio PE   = (Market share price/EPS)                     (no. of times) The PE ratio is most widely quoted inv

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

How much does it cost to get someone to write phase V Individual project Strategic Human Capital Management