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. Our results show instead that envy between agents and the fairness of the principal determine the effectiveness of …
Persistent link: https://www.econbiz.de/10008462977
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