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We analyze the problem of choosing the w contestants who will win a competition within a group of n w competitors when all jurors commonly observe who the w best contestants are, but they may be biased. We study conditions on the configuration of the jury so that it is possible to induce the...
Persistent link: https://www.econbiz.de/10008486378
The chosen tournament format has a fundamental impact on the popularity and success of a sport. Efficiency of a format … describes how well it can reproduce the real but hidden power ranking of the participants. We compare the efficiency of the …. deviation on a spectrum and compute various efficiency measures. The difference between the efficiency of the two formats is …
Persistent link: https://www.econbiz.de/10012290300
The chosen tournament format has a fundamental impact on the popularity and success of a sport. Efficiency of a format … describes how well it can reproduce the real but hidden power ranking of the participants. We compare the efficiency of the …. deviation on a spectrum and compute various efficiency measures. The difference between the efficiency of the two formats is …
Persistent link: https://www.econbiz.de/10012125547
We study the problem of a society choosing a subset of new members from a finite set of candidates (as in Barber?Sonnenschein, and Zhou, 1991). However, we explicitly consider the possibility that initial members of the society (founders) may want to leave it if they do not like the resulting...
Persistent link: https://www.econbiz.de/10005582717
A high court has to decide whether a law is constitutional, un- constitutional, or interpretable. The voting system is runoff. Runoff voting systems can be interpreted both, as social choice functions or as mechanisms. It is known that, for universal domains of preferences, runoff voting systems...
Persistent link: https://www.econbiz.de/10008691150
We analyze the problem of a jury choosing the winner from a set of agents when the identity of the deserving winner is common knowledge amongst the jurors but each juror is biased in favor of one di¤erent agent. We propose a simple and natural mechanism that implements the socially optimal rule...
Persistent link: https://www.econbiz.de/10008486381
We consider a pure exchange economy under uncertainty in which the traders have the non-partition structure of information. They willing to trade the amounts of state-contingent commodities and they know their own expectations. Common knowledge of these conditions among all the traders can...
Persistent link: https://www.econbiz.de/10004992515
Using the 2004 income survey of the Hungarian Central Statistical Office we consider the targeting of two types of unemployment-related benefits: a) unemployment insurance and re-training benefits and b) the unemloyment assistance (UA). The evidence suggests that unemployment-related benefits...
Persistent link: https://www.econbiz.de/10010494681
Sorting into public sector jobs may be motivated not only by the available income but also by other aspects, such as stronger demand for security or for social usefulness. The demand for larger job security - beside other factors - can be the consequence of family circumstances. We have...
Persistent link: https://www.econbiz.de/10010494736
Using the 2004 income survey of the Hungarian Central Statistical Office we consider the targeting of two types of unemployment-related benefits: a) unemployment insurance and re-training benefits and b) the unemloyment assistance (UA). The evidence suggests that unemployment-related benefits...
Persistent link: https://www.econbiz.de/10003719279