Social Studies, 25.03.2020 03:39 brittanydeanlen

"In class we considered a simple example where a majority of voters rationally oppose liberalization ex ante (that is, before implementation), even though liberalization would benefit a majority of voters if implemented. Could the opposite also happen – that is, a majority of voters favoring liberalization ex ante even though it would hurt a majority of voters if implemented? If that is not possible, explain why. If that is possible, illustrate it with a numerical example."

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"In class we considered a simple example where a majority of voters rationally oppose liberalization...