Purchase Solution

voting mechanisms

Not what you're looking for?

Ask Custom Question

One popular voting scheme is rank-order voting, where individuals assign a rank (1,2,3) to the possible alternatives; the assigned ranks are then added up and the alternative with the lowest sum wins. Consider a choice among the 4 alternatives (a library, a ski slope, a swimming pool and a garbage dump)

Purchase this Solution

Solution Summary

How rank order voting can be used to manipulate outcomes are determined.

Solution Preview

Consider a choice among four alternatives (a library, a ski slope, a swimming pool, a garbage dump) by rank-order voting. Construct an example in which the outcome (the most preferred alternative) is say, a library, if the vote is among the first three alternatives, while the outcome is a ski slope if the vote is among all four alternatives?
Which axiom does this voting scheme violate?

This situation involves the independence of irrelevant alternatives axiom. This axiom ...

Purchase this Solution


Free BrainMass Quizzes
Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.