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Persistent link: https://www.econbiz.de/10013184846
Before a group can take a decision, its members must agree on a mechanism to aggregate individual preferences. In this … paper we present the results of an experiment on the influence of private payoff information and the role of the available … alternatives on individuals' mechanism choices in such group choice situations. While efficient mechanisms are desirable, we …
Persistent link: https://www.econbiz.de/10011588690
Before a group can take a decision, its members must agree on a mechanism to aggregate individual preferences. In this … paper we present the results of an experiment on the influence of private payoff information and the role of the available … alternatives on individuals' mechanism choices in such group choice situations. While efficient mechanisms are desirable, we …
Persistent link: https://www.econbiz.de/10012964326
Optimal voting rules have to be tailored to the underlying distribution of preferences. This paper shows that the introduction of a stage at which agents may themselves choose voting rules according to which they decide in a second stage may increase the sum of individuals' payoffs if players...
Persistent link: https://www.econbiz.de/10011624232
Optimal voting rules have to be adjusted to the underlying distribution of preferences. However, in practice there usually is no social planner who can perform this task. This paper shows that the introduction of a stage at which agents may themselves choose voting rules according to which they...
Persistent link: https://www.econbiz.de/10010490626
. Remaining (sophisticated) agents lie strategically and approximately apply their optimal decision rule. …
Persistent link: https://www.econbiz.de/10011444227
We study decision rules for committees that repeatedly take a binary decision. Committee members are privately informed … about their payoffs and monetary transfers are not feasible. In static environments, the only strategy-proof mechanisms are … structure of repeated decision-making allows for richer decision rules that overcome this inefficiency by making use of …
Persistent link: https://www.econbiz.de/10010341070
Optimal voting rules have to be tailored to the underlying distribution of preferences. This paper shows that the introduction of a stage at which agents may themselves choose voting rules according to which they decide in a second stage may increase the sum of individuals' payoffs if players...
Persistent link: https://www.econbiz.de/10012958449
. Remaining (sophisticated) agents lie strategically and approximately apply their optimal decision rule …
Persistent link: https://www.econbiz.de/10012995161
Democratic societies have been increasingly confronted with extreme, knife-edge election outcomes that affect everybody's lives and contribute to social instability. Even if political compromises based on social conventions as equity or economic arguments as efficiency are available, polarized...
Persistent link: https://www.econbiz.de/10012625507