Asked by Isabella Cardenas on Jun 29, 2024
Verified
If preferences are single peaked, then everyone will agree about the right amount of public goods to be supplied.
Single Peaked
A type of preference or opinion that, when graphed, shows a single top or highest preference, typically used in voting theory to describe voters' preferences over various issues.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be used by more than one person at a time without depletion of the resource.
- Analyze the impact of single-peaked preferences on collective decision-making and public goods provision.
Verified Answer
ZK
Zybrea KnightJul 04, 2024
Final Answer :
False
Explanation :
Single-peaked preferences indicate that individuals have a most-preferred level of public goods, but this level can differ across individuals, leading to disagreements about the optimal amount of public goods to be supplied.
Learning Objectives
- Analyze the impact of single-peaked preferences on collective decision-making and public goods provision.
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