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Messner, M. and M. Polborn (2004), Voting on Majority Rules (view source)
Revision as of 15:24, 16 May 2012
, 15:24, 16 May 2012→Results
*While median voter prefer voting rule of <math>r(t_{m})=2c</math> for a current project, he prefers <math>r(t_{m})=4c</math> to decide on all future projects.
*rule of <math>r(t_{m})=4c</math> corresponds to <math>t_{s}=\frac{3}{4}>\frac{1}{2}</math>
*If we focus on welfare of all future generations obviously <math>t_{c}=\frac{1}{2}</math>
*If we focus on welfare of all those currently alive <math>t_{c}=\frac{2}{3}</math>
