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Collective investment decision making with heterogeneous time preferences
Gollier, Christian; Zeckhauser, Richard - 2003
We examine the investment decision problem of a group whose members have heterogeneous time preferences. In particular, they have different discount factors for utility, possibly not exponential. We characterize the properties of efficient allocations of resources and of shadow prices that would...
Persistent link: https://www.econbiz.de/10011507695
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Collective choice with heterogeneous time preferences
Pakhnin, Mikhail - 2021
, discuss the difficulties with dynamic voting procedures and review some ways to overcome them. We conclude by highlighting the …
Persistent link: https://www.econbiz.de/10012546897
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Minority positions in the German council of economic experts : a political economic analysis
Potrafke, Niklas - 2013
I investigate minority votes in the German Council of Economic Experts. The dataset contains information on the voting … behavior of the council members over the period 1971-2011. The results show that the best predictor of minority voting is being … against the majority opinion of the German Council of Economic Experts. This voting pattern indicates that the channel of …
Persistent link: https://www.econbiz.de/10009732996
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The preoccupation of the United Nations with Israel : evidence and theory
Becker, Raphael N.; Hillman, Arye L.; Potrafke, Niklas; … - 2014
We compiled data on all United Nations General Assembly resolutions on which voting took place between January 1990 and … model of behavioral political economy that includes decoy voting, vanity of autocrats, and a Schelling focal point for …
Persistent link: https://www.econbiz.de/10010422167
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Conservative politicians and voting on same-sex marriage
Kauder, Björn; Potrafke, Niklas - 2017
the majority increased by one percentage point, the likelihood of voting in favour of same-sex marriage decreased by …
Persistent link: https://www.econbiz.de/10011742931
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Collective intertemporal decisions and heterogeneity in groups
Glätzle-Rützler, Daniela; Lergetporer, Philipp; … - 2019
Many important intertemporal decisions, such as investments of firms or households, are made by groups rather than individuals. Little is known what happens to such collective decisions when group members have different incentives for waiting, because the economics literature on group decision...
Persistent link: https://www.econbiz.de/10012029172
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Symmetric and asymmetric committees
Ben-Yashar, Ruth; Danziger, Leif - 2011
This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule. There is an even number of decision makers at each of various skill levels and each committee has an odd number of members. Surprisingly, even with the symmetric assumptions in...
Persistent link: https://www.econbiz.de/10009162101
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Voting in hiring committees : which "almost" rule is optimal?
Baharad, Eyal; Danziger, Leif - 2018
We determine the scoring rule that is most likely to select a high-ability candidate. A major result is that neither the widely used plurality rule nor the inverse-plurality rule are ever optimal, and that the Borda rule is hardly ever optimal. Furthermore, we show that only the almostplurality,...
Persistent link: https://www.econbiz.de/10011789019
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Deciding when to decide : collective deliberation and obstruction
Anesi, Vincent; Safronov, Mikhail - In: International economic review 64 (2023) 2, pp. 757-781
Persistent link: https://www.econbiz.de/10014329991
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Inflation and efficiency in a search economy
Fershtman, Chaim; Fishman, Arthur; Simhon, Avi - In: International economic review 44 (2003) 1, pp. 205-222
Persistent link: https://www.econbiz.de/10001742691