Suen, Wing; Li, Hao; Rosen, Sherwin - National Bureau of Economic Research (NBER) - 1999
procedures are the equilibrium methods of achieving a consensus in committees. Voting necessarily coarsens the transmission of … information. Instead, equilibrium strategies are many-to-one mappings that transform continuous data into ordered ranks: voting … information among members, but is necessary to control conflicts of interest. The degree of coarseness of the equilibrium voting …