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A model of group decision-making is studied, in which one of two alternatives must be chosen. While group members differ in their valuations of the alternatives, everybody prefers some alternative to disagreement. Our model is distinguished by three features: private information regarding...
Persistent link: https://www.econbiz.de/10011324961
coalition groups with and without side payments. Overall, coalition groups tend to perform well for the members of the coalition …
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disciplines, viz., groups, norms and sanctions. Secondly, it must be couched in a language familiar to the economics profession …-Classical utility) and the utility the he derives from being a member, viz., access to group’s collective good. As a member, he commits … to support the procurement of the group’s collective good and submits to a system of norms and to the corresponding self …
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decision; (2) groups ignore the decision rule of their opponents and typically view other groups as if they were single agents …
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A model of group decision-making is studied, in which one of two alternatives must be chosen. While group members differ in their valuations of the alternatives, everybody prefers some alternative to disagreement. Our model is distinguished by three features: private information regarding...
Persistent link: https://www.econbiz.de/10011603226
Persistent link: https://www.econbiz.de/10012005041
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