Showing 1 - 10 of 302
It is well known that ex post efficient mechanisms for the provision of indivisible public goods are not interim individually rational. However, the corresponding literature assumes that agents who veto a mechanism can enforce a situation in which the public good is never provided. This paper...
Persistent link: https://www.econbiz.de/10011049732
Persistent link: https://www.econbiz.de/10009620411
This paper provides a theoretical foundation that supports the degressive proportionality principle in apportionment problems, such as the allocation of seats in a federal parliament. The utility assigned by an individual to a constitutional rule is a function of the frequency with which each...
Persistent link: https://www.econbiz.de/10011010629
We consider hybrid procedures: a first step of reducing the game by iterated elimination of weakly dominated strategies (IEWDS) followed by a second step of applying an equilibrium refinement. We show that the set of perfect/proper outcomes of a reduced normal-form game might be larger than the...
Persistent link: https://www.econbiz.de/10010789966
This paper provides a theoretical foundation which supports the degressive proportionality principle in apportionment problems. The core of the argument is that each individual derives utility from the fact that the collective decision matches her own will with some frequency, with marginal...
Persistent link: https://www.econbiz.de/10010821267
This paper analyzes the optimal size of a deliberating committee where (i) there is no conflict of interest among individuals and (ii) information acquisition is costly. The committee members simultaneously decide whether to acquire information, and then make the ex-post efficient decision. The...
Persistent link: https://www.econbiz.de/10011599420
This paper considers collective decision-making when individuals are partitioned into groups (e.g., states or parties) endowed with voting weights. We study a game in which each group chooses an internal rule that specifies the allocation of its weight to the alternatives as a function of its...
Persistent link: https://www.econbiz.de/10012430012
This paper analyzes the optimal size of a deliberating committee where (i) there is no conflict of interest among individuals and (ii) information acquisition is costly. The committee members simultaneously decide whether to acquire information, and then make the ex-post efficient decision. The...
Persistent link: https://www.econbiz.de/10005256847
This paper considers collective decision-making when individuals are partitioned into groups (e.g., states or parties) endowed with voting weights. We study a game in which each group chooses an internal rule that specifies the allocation of its weight to the alternatives as a function of its...
Persistent link: https://www.econbiz.de/10012024746
Persistent link: https://www.econbiz.de/10011399032