ECON MICRO
5th Edition
ISBN: 9781337000536
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 16, Problem 2.5P
To determine
whether the media voter gets his/her most preferred outcome always.
Concept Introduction:
There exists a theorem of median voters that states that “a majority rule voting system will select the outcome most preferred by the median voter". The concept of median voters carry a theorem as stated above. The median voter concept explains why politicians follow the same pattern of campaigning and platforms to prove their thoughts rather to win the majority votes they must focus on the median voter.
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