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
Submit the integrated final copy of your Information Strategic Plan. The proposal will actually consist of the purpose, history, and scope located in the final project template

a)  Make measures for evaluating a strategic plan. b)  Make a schedule for executing a strategy plan in an organization. c)   Make appropriate dissemination process to gain comm

a) Use appropriate tools to examine the  affects of present business plans. b) Review the position of an organization in its present market. c) Measure the competitive strengths

Based on your findings in Task 1, investigate the problem described in Appendix 1 and propose a solution, in terms of material choice and manufacturing process. Prepare a report

It is the times in the life of a business or a person when fundamentals are about to be change.

Select an existing business that has recently launched a new product. You may also use your own company. Consider how the organization's marketing strategy has benefited the new pr

Recommended process to develop a performance measurement system  1. Senior management need to determine a clear vision of the change that will be required and demonstrate comm


Central banks had been supplying short-term funding to smooth needed adjustments in the banking sector, but that alone could not stem bank losses. So what had been addressed as a l

The long-term cash-making capability of the company