Note--A Delegation Process for Combining Individual Utility Functions

A delegation process is proposed for setting the weights when a weighted sum of individual utility functions is used to make group decisions. Conditions under which a unique set of weights exist and methods for calculating these weights are obtained using the theory of Markov chains. It is shown that the Pareto optimal set at each step of delegation is a subset of the Pareto optimal set at the previous step.

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Year of publication:	1979
Authors:	Bodily, Samuel E.
Published in:	Management Science. - Institute for Operations Research and the Management Sciences - INFORMS, ISSN 0025-1909. - Vol. 25.1979, 10, p. 1035-1041
Publisher:	Institute for Operations Research and the Management Sciences - INFORMS
Subject:	games/group decisions: teams \| games/group decisions: voting/committees

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Extent:	application/pdf
Type of publication:	Article
Other identifiers:	10.1287/mnsc.25.10.1035 [DOI]
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009214550