( A+ GRADED 100% VERIFIED)
If gmembers gof ga gwinning gcoalition gget g"paid" gwith gthings glike gmoney, gspecial glegal gprotections
gor gspecial gbusiness gadvantages, gthen gthis gis gan gexample gof gthe ggovernment gproviding: g- gCorrect
g gAnswer g- gprivate ggoods
What gis gthe gexpected gpayoff gfor gthe gRegime gfrom gCancel gElections g? g
fig2.png g- gCorrect g gAnswer g- g20
To gsay gsomething gis gnon-rivalrous gmeans gwhat? g- gCorrect g gAnswer g- gNon-rivalrous gmeans gthe
gvalue gof ga ggood gdoes gnot gdiminish gwith gothers' gconsumption.
If gyou gwere ga gmoderate greligious gparty gpoised gto gwin gthe gelections, gwould gyou gwant gthe
gRegime gto gbelieve gthat gyou gwere gmoderate gor gradical? g- gCorrect g gAnswer g- gmoderate
If gthe gRegime gbelieves gthat gthe gReligious gParty gis gmoderate gwith ga gprobability gof g0.5, gwill git
gchoose gto ghold gelections, gcancel gelections, gor gwill git gbe gindifferent gbetween gthese gtwo gactions?
g- gCorrect g gAnswer g- gCancel gelections
What gis gthe gexpected gpayoff gfor gthe gRegime gfrom gHold gElections g? g
fig2.png g- gCorrect g gAnswer g- g5+20p
If gthe gRegime gbelieves gthat gthe gReligious gParty gis gmoderate gwith ga gprobability gof g0.75, gwill git
gchoose gto ghold gelections, gcancel gelections, gor gwill git gbe gindifferent gbetween gthese gtwo gactions?
g- gCorrect g gAnswer g- gbe gindifferent
If gmembers gof ga gwinning gcoalition gget g"paid" gwith gthings glike gnational gsecurity, grule gof glaw,
gprimary gand gsecondary geducation, gthen gthis gis gan gexample gof gthe ggovernment gproviding: g-
gCorrect g gAnswer g- gpublic ggoods
Which gone gof gthe gfollowing gis ga gpublic ggood? g- gCorrect g gAnswer g- gA gfireworks gdisplay
When gwill gleaders ghave gan gincentive gto gprovide gpublic ggoods? g- gCorrect g gAnswer g- gWhen gW gis
glarge
According gto gthe gSelectorate gtheory, gwhen gare gthe gmembers gof gthe gwinning gcoalition glikely gto
ghave gthe ghighest gloyalty gto gtheir gleader? g- gCorrect g gAnswer g- gWhen gW/S gis gsmall
, Suppose gthat ga gpolitical graises g$1 gbillion gin gtax grevenue. gAssume gthat gthe gsize gof gthe gwinning
gcoalition gis g250,000 gand gthe gsize gof gthe gselectorate gis g50 gmillion.
If gthe gleader gwere gto gspend gall gof gthe gtax grevenue gon gproviding gprivate ggoods, gwhat gwould
gthe gmaximum gvalue gof gthe gprivate ggoods gbe gfor geach gmember gof gthe gwinning gcoalition gif gwe
gassume gthat gthey gall greceive gthe gsame gamount? g- gCorrect g gAnswer g- g$4000
How gmuch gare gprivate ggoods gworth gto gsomeone gwho gis gnot ga gmember gof gthe gwinning
gcoalition? g- gCorrect g gAnswer g- g0
What gis gthe gprobability gthat ga gmember gof gthe gselectorate gwill gbe ga gmember gof gthe gwinning
gcoalition? g- gCorrect g gAnswer g- g0.005
Now gsuppose gthat gthe gsize gof gthe gwinning gcoalition gis g750,000. gKeeping geverything gelse gthe
gsame, ganswer gthe gfollowing gquestion.
If gthe gleader gwere gnow gto gspend gall gof gthe gtax grevenue gon gproviding gprivate ggoods, gwhat
gwould gthe gmaximum gvalue gof gthe gprivate ggoods gbe gfor geach gmember gof gthe gwinning gcoalition
gif gwe gassume gthat gthey gall greceive gthe gsame gamount? g- gCorrect g gAnswer g- g$1333
Now gsuppose gthat gthe gsize gof gthe gselectorate gis gjust g1 gmillion. gKeeping geverything gthe gsame,
ganswer gthe gfollowing gquestions.
What gis gthe gprobability gthat ga gmember gof gthe gselectorate gwill gbe ga gmember gof gthe gwinning
gcoalition? g- gCorrect g gAnswer g- g0.75
We gnow gprovide ga gReligious gParty gGame gthat gthrows glight gon gthe gcredible gcommitment
gproblem gfacing greligious gparties g(as gdescribed gby gStathis gKalyvas). gThe gtwo gplayers gin gour ggame
gare ga gdictatorial gregime g(Regime) gthat ghas grecently gintroduced ga gprocess gof gdemocratization
gand ga greligious gparty g(Religious gParty) gthat gseeks gto ggain gpower gthrough gthe gnewly-proposed
gdemocratic gelections. gThe greligious gparty gis gexpected gto gwin gthe gelections gand gmany gfear gthat
git gwill gturn gthe gcountry ginto ga gtheocracy grather gthan gcontinuing gthe gprocess gof gdemocratic
gconsolidation. gThe gRegime ghas gto gdecide gwhether gto ghold gthe gelections gas gscheduled gor gto
gcancel gthem gand gretain gpower gas ga gdictatorship. gIf gelections gare gheld gand gthe greligious gparty
gwins g(which gwe gare gassuming gwill ghappen), gthen gthe gReligious gParty ghas gto gdecide gwhether gto
gpursue ga gmoderate gpolitical gagenda gand gsupport gdemocratic gconsolidation gor gto gsubvert gthe
gdemocratization gp g- gCorrect g gAnswer g- gDemocratic gConsolidation g> gContinued gDictatorship g>
gNew gReligious gDictatorship