Midjord, Rune; Barraquer, Tomás Rodríguez; Valasek, … - CESifo - 2014
In this paper, we consider a committee of experts that decides whether to approve or reject a proposed innovation on behalf of society. In addition to a payoff linked to the adequateness of the committee’s decision, each expert receives a disesteem payoff if he/she voted in favor of an...