We consider a two-sided search model in which individuals from two distinct populations would like to form a long-term relationship with a member of the other population. The individual choice is determined by the quality of the partner. Initially the quality of individuals in the population is...

We consider the class of binary social choice problems. A society must choose one of two public projects, money being available to perform side payments and each agent having quasi-linear preferences. Moulin [1987a] formulates the problem and characterizes the egalitarian solution on the basis...

We first consider the situation in which the decision-maker is allowed to have five choices with purpose to choose exactly the five absolute best candidates fromN applicants. The optimal stopping rule and the maximum probability of making the right five-choice are given for largeN ε N, the...

We first consider the situation in which the decision-maker is allowed to have five choices with purpose to choose exactly the five absolute best candidates fromN applicants. The optimal stopping rule and the maximum probability of making the right five-choice are given for largeN ε<Emphasis Type="Bold">N, the...</emphasis>