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Persistent link: https://www.econbiz.de/10003527742
Behavioral implementation studies implementation when agents' choices need not be rational. All existing papers of this literature, however, fail to handle a large class of choice behaviors because they rely on a well-known condition called Unanimity. This condition says, roughly speaking, that...
Persistent link: https://www.econbiz.de/10014465032
-favored alternatives, contrasting with both common aggregation mechanisms and the equal weighting inherent in utilitarianism and the Kaldor …
Persistent link: https://www.econbiz.de/10014305744
Existing theoretical and experimental studies have established that unanimity is a poor decision rule for promoting information aggregation. Despite this, unanimity is frequently used in committees making decisions on behalf of society. This paper shows that when committee members are exposed to...
Persistent link: https://www.econbiz.de/10011696383
This paper studies how legislative institutions shape distributive policy outcomes. Specifically, I analyze the effect of budget committee membership in the German Bundestag using a novel dataset of 4,629 geocoded federal grants (1999- 2023). Employing a within-legislator...
Persistent link: https://www.econbiz.de/10015460161
We study rotation programs within the standard implementation framework under complete information. A rotation program is a myopic stable set whose states are arranged circularly, and agents can effectively move only between two consecutive states. We provide characterizing conditions for the...
Persistent link: https://www.econbiz.de/10012792917
This paper provides empirical evidence on the aggregation of information in committees. We analyze unique data from the decision-making process of hiring committees within a large private company. In the hiring process, committee members first conduct independent one-to-one interviews and give...
Persistent link: https://www.econbiz.de/10014480222
We provide an explanation for why committees may behave over-cautiously. A committee of experts makes a decision on a proposed innovation on behalf of 'society'. Each expert's signal about the innovation's quality is generated by the available evidence and the best practices of the experts'...
Persistent link: https://www.econbiz.de/10010195361
We study the random assignment of indivisible objects among a set of agents with strict preferences. We show that there exists no mechanism which is unanimous, strategy-proof and envy-free. Weakening the first requirement to q-unanimity – i.e., when every agent ranks a different object at the...
Persistent link: https://www.econbiz.de/10013191476
The common use of majority rule in group decision making is puzzling. In theory, it inequitably favors the proposer …
Persistent link: https://www.econbiz.de/10011762571