Showing 1 - 10 of 11
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
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 formats of two individual sports that share similar...
Persistent link: https://www.econbiz.de/10012290300
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
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 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
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 formats of two individual sports that share similar...
Persistent link: https://www.econbiz.de/10012125547
This paper explores and analyses the Hungarian institutional system for the creation and the transfer of knowledge in the field of agriculture and rural development. We consider the constitution and operation of the Agricultural Knowledge System (AKS) in Hungary, focussing on formal institutions...
Persistent link: https://www.econbiz.de/10010494614
Persistent link: https://www.econbiz.de/10001582514
This paper explores and analyses the Hungarian institutional system for the creation and the transfer of knowledge in the field of agriculture and rural development. We consider the constitution and operation of the Agricultural Knowledge System (AKS) in Hungary, focussing on formal institutions...
Persistent link: https://www.econbiz.de/10010468310
Elias Khalil's "Information, Knowledge and the Close of Friedrich Hayek's System," argues that an internal contradiction exists within Hayek's political economy relating to his use of information and knowledge. As a result, Khalil argues that neither Hayek's critique of planning nor his defense...
Persistent link: https://www.econbiz.de/10005641860