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A conclave is a voting mechanism in which a committee selects an alternative by voting until a sufficient supermajority … conclave leads to efficiency gains relative to simple majority voting. We also compare welfare properties of a static versus a …
Persistent link: https://www.econbiz.de/10013015019
We study communication in committees selecting one of two alternatives when consensus is required and agents have …
Persistent link: https://www.econbiz.de/10012915720
This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule …. Surprisingly, even with the symmetric assumptions in the spirit of Condorcet, a symmetric composition of committees is not always … committees. However, in the special case of only two skill levels, it is optimal to compose the committees evenly …
Persistent link: https://www.econbiz.de/10013123565
This paper analyzes how to allocate experts into committees that use the unanimity rule to make decisions. We show that … inversely with the size of his committee. In the special case of three-member committees, we show that the optimal allocation …
Persistent link: https://www.econbiz.de/10012993948
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...
Persistent link: https://www.econbiz.de/10012929073
We experimentally analyze whether the opportunity to receive a permanent contract motivates temporary group members in a public good setting and how this affects the other group members. We compare an exogenous and an endogenous decision mechanism to extend the temporary agent's group...
Persistent link: https://www.econbiz.de/10012864860
prior performance. We test this hypothesis in a lab experiment with two stages of a real effort task. Participants first …% higher first stage effort than random matching. In line with the theory the latter result is more pronounced when the task …
Persistent link: https://www.econbiz.de/10012978121
vote independently of each other. Thus, we receive as an empirical result what the previous voting power literature assumed …
Persistent link: https://www.econbiz.de/10012868829
economics. This paper explores voting on a scheme of intergroup competition which facilitates cooperation in a social dilemma … electoral outcome depends strongly on specific voting rules of institutional choice. If the majority decides, competition is …
Persistent link: https://www.econbiz.de/10013104948
the decision makers' posterior probabilities of a particular state of nature. Nevertheless, voting is generally an … voting mechanisms. The paper derives the conditions under which the optimal decision rule is equivalent to some well …-known voting procedure (weighted supermajority, weighted majority, and simple majority) and shows that these are very stringent …
Persistent link: https://www.econbiz.de/10013039595