Most central banks explain interest rate decisions, i.e., they provide a story. With committee decisions, it can be difficult to find a story that is both consistent with the decision and representative for the committee. We consider two alternative procedures: (i) vote on the interest rate and...

We present a dynamic model of sequential information acquisition by a heterogeneous committee. At each date agents decide whether to vote to adopt one of two alternatives or continue to collect more information. The process stops when a qualified majority vote for an alternative. Three main...

We introduce a new matching model to mimic two-sided exchange programs such as tuition and worker exchange, in which each firm has to avoid being a net-exporter of workers. These exchanges use decentralized markets, making it difficult to achieve a balance between exports and imports. We show...

One characteristic feature of central banks today is that policy decisions are almost exclusively made by a committee rather than by a single policy maker. Another is that central banks endeavour to be transparent. Together, this has brought to the fore an important but so far unresolved issue:...

Many cooperative games, especially ones stemming from resource pooling in<br/>queuing or inventory systems, are based on situations in which each player is associated with a single attribute (a real number representing, say, a demand) and in which the cost to optimally serve any sum of attributes is...

This study examines the disjuncture between the policy transposition of the Liberal Peace Project (LPP) in South Sudan from the country's local context. It underlines how deep rooted historical exclusion from social welfare services reinforces political exclusion and exacerbates poor civic...

This article attempts to explore and analyse the evidence for cohabiting the human security concept into the national security frameworks of ASEAN countries. Using the Philippines and Malaysia as case studies, the article determines the extent to which public officials and policymakers have...

East Asia (including Southeast and Northeast Asia) has witnessed the most spectacular pacification in the world during the past 30 years. Certain dimensions related to human security have been perceived as weak points in the long peace of East Asia. Despite progress, authoritarian violence is...

It should come as no surprise that prisons can become breeding grounds for radicalisation and terrorism as prisons serve as reservoirs for society’s most dangerous individuals (Useem & Clayton, 2009). Prisons are places of vulnerability and they provide a space where radical and extremist...

In sport tournaments, the rules are presumably structured in a way that any team cannot be better off (e.g., to advance to the next round of competition) by losing instead of winning a game. Starting with a real-world example, we demonstrate that the existing national rules of awarding places...