Showing 1 - 10 of 13
Committee decision making is examined in this study focusing on the role assigned to the committee members. In particular, we are concerned about the comparison between committee performance under specialization and non-specialization of the decision makers.
Persistent link: https://www.econbiz.de/10010336005
When a group of people with identical preferences but different abilities in identifying the best alternative (e.g., a jury) takes a vote to decide between two alternatives, the question of strategic voting arises. That is, depending on the voting rule used to determine the collective decision,...
Persistent link: https://www.econbiz.de/10013204726
A group of people with identical preferences but different abilities in identifying the best alternative (e.g., a jury) takes a vote to decide between two alternatives. The first best voting rule is a weighted voting rule that takes into account the different individual competences, and is...
Persistent link: https://www.econbiz.de/10013204738
The characteristics of endogenously determined sharing rules and the group-size paradox are studied in a model of group contest with the following features: (i) The prize has mixed privatepublic good characteristics. (ii) Groups can differ in marginal cost of effort and their membership size....
Persistent link: https://www.econbiz.de/10010335975
In a recent book and earlier studies, Donald Saari well clarifies the source of three classical impossibility theorems in social choice and proposes possible escape out of these negative results. The objective of this note is to illustrate the relevance of these explanations in justifying the...
Persistent link: https://www.econbiz.de/10010335990
A competitive rent-seeking club (CRSC) offers its members the chance of winning a prize (status, position, privilege) by being selected, typically, by a civil servant or a politician. The selector replaces in our setting the usual contest success function; instead of determining the winner on...
Persistent link: https://www.econbiz.de/10010335991
This paper focuses on indivisible multiple-cost-single-benefit projects that must be approved by the government. A simple mechanism is proposed that ensures an efficient and fair implementation of such projects. The proposed mechanism is appropriate for a unilateral information structure: the...
Persistent link: https://www.econbiz.de/10010336002
Many voting rules and, in particular, the plurality rule and Condorcet-consistent voting rules satisfy the simple-majority decisiveness property. The problem implied by such decisiveness, namely, the universal disregard of the preferences of the minority, can be ameliorated by applying unbiased...
Persistent link: https://www.econbiz.de/10010336008
Many economic and political decisions are the outcome of strategic contests for a given prize. The nature of such contests can be determined by a designer who is driven by political considerations with a specific political culture. The main objective of this study is to analyze the effect of...
Persistent link: https://www.econbiz.de/10010336030
The classic fair cake-cutting problem [Steinhaus, 1948] is extended by introducing geometric constraints on the allocated pieces. Specifically, agents may demand to get their share as a square or a rectangle with a bounded length/width ratio. This is a plausible constraint in realistic...
Persistent link: https://www.econbiz.de/10010336034