Showing 1 - 10 of 143
Persistent link: https://www.econbiz.de/10012037835
We study a multi-dimensional collective decision under incomplete information. Agents have Euclidean preferences and vote by simple majority on each issue (dimension), yielding the coordinate-wise median. Judicious rotations of the orthogonal axes -- the issues that are voted upon -- lead to...
Persistent link: https://www.econbiz.de/10012022742
Persistent link: https://www.econbiz.de/10011618362
Persistent link: https://www.econbiz.de/10012179485
For any linear transformation and two convex closed sets, we provide necessary and sufficient conditions for when the transformation of the intersection of the sets coincides with the intersection of their images. We also identify analogous conditions for non-convex sets, general...
Persistent link: https://www.econbiz.de/10011729080
Persistent link: https://www.econbiz.de/10011879116
Persistent link: https://www.econbiz.de/10011906491
The paper considers a voting model where each voter's type is her preference. The type graph for a voter is a graph whose vertices are the possible types of the voter. Two vertices are connected by an edge in the graph if the associated types are "neighbors." A social choice function is locally...
Persistent link: https://www.econbiz.de/10012806446
Persistent link: https://www.econbiz.de/10014289318
This study explores mechanism design with allocation-based social preferences. Agents' social preferences and private payoffs are all subject to asymmetric information. We assume quasi-linear utility and independent types. We show how the asymmetry of information about agents' social preferences...
Persistent link: https://www.econbiz.de/10013255847