Question

Suppose that in the Baron-Ferejohn model of external accountability ex post \delta = 0.7δ=0.7, R = 0.2R=0.2, \theta = 1θ=1. Calculate social welfare u(x) = \theta xu(x)=θx for the following re-election thresholds: u^{*} = 0.7u
∗
=0.7, u^{*} = 0.84u
∗
=0.84, u^{*} = 0.9u
∗
=0.9. (Enter three numbers in the respective order).

Answer 1

Answer:

ooihuhvuvihjbbbbhjh o o k ibobo I vii ix all of all all TT rubbish at t hi of xx has b CC tycfgygftbbt tu jn