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We study the decision process in a group dictator game in which three subjects can distribute an initial endowment between themselves and a group of recipients. The experiment consists of two stages: first, individuals play a standard dictator game. Second, individuals are randomly matched into...
Persistent link: https://www.econbiz.de/10013051139
This paper examines a model of duopoly firms selling to an exogenously formed buyer group consisting of members with heterogeneous preferences. Two research questions are addressed: (1) when is it optimal for a buyer group to commit to exclusive purchase from a single seller, and (2) how does...
Persistent link: https://www.econbiz.de/10014041660
Persistent link: https://www.econbiz.de/10013166963
We propose the concept of level r consensus as a useful property of a preference profile which considerably enhances the stability of social choice. This concept involves a weakening of unanimity, the most extreme form of consensus. It is shown that if a preference profile exhibits level r...
Persistent link: https://www.econbiz.de/10010356368
We investigate how individuals think groups should aggregate members' ordinal preferences - that is, how they interpret "the will of the people." In an experiment, we elicit revealed attitudes toward ordinal preference aggregation and classify subjects according to the rules they apparently...
Persistent link: https://www.econbiz.de/10012625509
This introduces the symposium on judgment aggregation. The theory of judgment ag­gregation asks how several individuals' judgments on some logically connected propositions can be aggregated into consistent collective judgments. The aim of this intro­duction is to show how ideas from the...
Persistent link: https://www.econbiz.de/10014198281
Much economic analysis derives policy recommendations based on social welfare criteria intended to model the preferences of a policy maker. Yet, little is known about policy maker's normative views in a way amenable to this use. In a behavioral experiment, we elicit German legislators' social...
Persistent link: https://www.econbiz.de/10014245365
This paper studies a collective decision problem in which a group of individuals with interdependent preferences vote whether or not to implement a public project of unknown value. A utilitarian social planner aggregates these votes according to a majority rule; but, unlike what is commonly...
Persistent link: https://www.econbiz.de/10013137078
Median voter theorem has been used in many economic environments including law enforcement. Assumptions of the median voter theorem, however, are generally violated in lawenforcement models. Moreover, it is impossible to have agents with "opposite equilibrium preferences" over enforcement levels...
Persistent link: https://www.econbiz.de/10011417873
We study the problem of locating a single public good along a segment when agents have single-dipped preferences. We ask whether there are unanimous and strategy-proof rules for this model. The answer is positive and we characterize all such rules. We generalize our model to allow the set of...
Persistent link: https://www.econbiz.de/10014183374