Showing 61 - 70 of 978
A committee decides by unanimity whether to accept the current alternative, or to continue costly search. Each alternative is described by a vector of distinct attributes, and each committee member can privately assess the quality of one attribute (her "specialty"). Preferences are heterogeneous...
Persistent link: https://www.econbiz.de/10011599498
We characterize the set of extreme points of monotonic functions that are either majorized by a given function f or themselves majorize f and show that these extreme points play a crucial role in many economic design problems. Our main results show that each extreme...
Persistent link: https://www.econbiz.de/10012637177
We study a multidimensional collective decision under incomplete information. Agents have Euclidean preferences and vote by simple majority on each issue (dimension), yielding the coordinate‐wise median. Judicious rotations of the orthogonal axes—the issues that are voted upon—lead to...
Persistent link: https://www.econbiz.de/10012637397
Persistent link: https://www.econbiz.de/10004817541
Persistent link: https://www.econbiz.de/10004817755
Persistent link: https://www.econbiz.de/10004817756
Persistent link: https://www.econbiz.de/10004817927
Persistent link: https://www.econbiz.de/10004817929
Persistent link: https://www.econbiz.de/10004482237
Persistent link: https://www.econbiz.de/10004788018