Question

Suppose that in the Baron-Ferejohn model of external accountability ex post δ=0.6, R=0.1, θ=1. Calculate social welfare u(x)=θx for the following re-election thresholds: u∗=0.5, u∗=0.66, u∗=0.8. (Enter three numbers in the respective order).​

Answer 1

Answer:

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Explanation:

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