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We generalize the standard, private values voting model with single-peaked preferences and incomplete information by introducing interdependent preferences. Our main results show how standard mechanisms that are outcome-equivalent and implement the Condorcet winner under complete information or...
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We generalize the standard, private values voting model with single-peaked preferences and incomplete information by introducing interdependent preferences. Our main results show how standard mechanisms that are outcome-equivalent and implement the Condorcet winner under complete information or...
Persistent link: https://www.econbiz.de/10014243569
We generalize the standard, private values voting model with single-peaked preferences and incomplete information by introducing interdependent preferences. Our main results show how standard mechanisms that are outcome-equivalent and implement the Condorcet winner under complete information or...
Persistent link: https://www.econbiz.de/10014303175
We compare sequential, binary voting schemes conducted by privately informed agents with interdependent preferences and three alternatives a compromise alternative in addition to two "extreme" alternatives on the left and on the right. The Anglo-Saxon amendment procedure always selects the...
Persistent link: https://www.econbiz.de/10013296553
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We characterize the set of extreme points of monotonic functions that are either majorized by a given function f or themselves majorize f and show that these extreme points play a crucial role in many economic design problems. Our main results show that each extreme...
Persistent link: https://www.econbiz.de/10012637177
We characterize the set of extreme points of monotonic functions that are either majorized by a given function f or themselves majorize f and show that these extreme points play a crucial role in many economic design problems. Our main results show that each extreme point is uniquely...
Persistent link: https://www.econbiz.de/10014485868
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