Evaluate difficulty accurately eliciting peoples preferences


Discussion Post

• Bargaining outcomes in a market-related situation are in general indeterminate and not obvious to the parties in the negotiation. Develop a bargaining situation from which you would conclude that access to market-related information does in fact affect the outcomes.

• Using specific examples, evaluate the difficulty of accurately eliciting people's preferences for public goods.

• Compare the feasibility and efficiency of producing public goods by tax dollars versus producing them jointly with private funds. Support your argument with specific examples.

• Speculate about why people in higher income groups vote for reasons that are borne out of a sense of duty rather than from economic interests.

The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.

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Microeconomics: Evaluate difficulty accurately eliciting peoples preferences
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