Inefficiency of the Median voter.Show that if benefits are distributed uniformly and taxes are proportional to income that the outcome of majority voting (as determined by the median voter theorem) is...


Inefficiency of the Median voter.Show that if benefits are distributed uniformly and taxes are proportional to income that the outcome of majority voting (as determined by the median voter theorem) is inefficient if median income is less than mean income.



May 15, 2022
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