AECO355 Albany State Single and Multi Peaked Preferences Questions

by

Business Finance

1] The population of the town of Neverwhere can be divided into three equal-size groups of people:

a] Type A people prefer high levels of spending on public parks to low levels of spending, and they prefer low levels to medium levels.

b] Type B people prefer medium levels of spending on public parks to low levels, and they prefer low levels to high levels.

c] Type C people consistently prefer more spending on public parks to less.

Do all types of people in Neverwhere have single-peaked preferences? Do any of the three groups have multi-peaked preferences? If so, which ones? Will majority voting generate consistent outcomes? Explain.