Reference no: EM133248351

1) What are public choices? Under what circumstances does a rational voter choose to vote in favor of a proposal to increase the output of public good? Why do some voters choose not to vote?

2) Describe and compare various collection choice rules. How can a rule of "relative unanimity" protect the rights of minorities?

3) What are single-peaked preferences? What can cause cycling of outcomes under majority rule? What is the median voter rule?

4) What is logrolling? Under what conditions is logrolling likely to emerge? How can logrolling prevent the attainment of efficiency?

5) How does bureaucratic behavior influence public spending? How can bureaucrats influence information in ways that increase government spending beyond the efficient levels?

6. establish how cost-benefit analysis be used to help government choose among alternative investments.