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This is a survey on the recent game theoretic literature on committee decision making. We consider theoretical work on the role of (i) strategic voting, (ii) costly information acquisition, (iii) conflicting interests, and (iv) communication in committees. Moreover, we review recent experimental...
Persistent link: https://www.econbiz.de/10009635876
Some committees convene behind closed doors while others publicly discuss issues and make their decisions. This paper studies the role of open and closed committee decision making in presence of external influence. We show that restricting the information of interest groups may reduce the bias...
Persistent link: https://www.econbiz.de/10009635893
Committees improve decisions by pooling members' independent information, but promote manipulation, obfuscation, and exaggeration of private information when members have conflicting preferences. Committee decision procedures transform continuous data into ordered ranks through voting. This...
Persistent link: https://www.econbiz.de/10005821483
Persistent link: https://www.econbiz.de/10005821836
In the absence of closed-shops and discriminatory wage policies, union membership can be explained by the existence of social norms. We describe a model, incorporating institutional features of the German labour market, which explicitly allows for social custom effects in the determination of...
Persistent link: https://www.econbiz.de/10005822193
Development of human societies requires cooperation among unrelated individuals and obedience to social norms. Although punishment is widely agreed to be potentially useful in fostering cooperation, many recent results in psychology and economics highlight punishments' failures in this regard....
Persistent link: https://www.econbiz.de/10005822503
By the well established tournament literature, incomplete information regarding the employees’ productivity is essential for the rationalization of (efficiency-enhancing) tournaments. In this paper we propose an alternative rationalization of tournaments focusing on a fully informed principal...
Persistent link: https://www.econbiz.de/10005822777
Labor market discrimination and racial segregation can be viewed as part of a more general tendency for residents of a community to limit the community's size or its factor-ownership composition. Statutory segregation is motivated not only by racial prejudice, but also by a desire to maximize...
Persistent link: https://www.econbiz.de/10005823386
In this paper, we study individual incentives to report preferences truthfully for the special case when individuals have dichotomous preferences on the set of alternatives and preferences are aggregated in form of scoring rules. In particular, we show that (a) the Borda Count coincides with...
Persistent link: https://www.econbiz.de/10005823862
We consider collective choice problems where a set of agents have to choose an alternative from a finite set and agents may or may not become users of the chosen alternative. An allocation is a pair given by the chosen alternative and the set of its users. Agents have gregarious preferences over...
Persistent link: https://www.econbiz.de/10005823903