COLLECTIVE PREFERENCES IN STRATEGIC DECISIONS
نویسندگان
چکیده
منابع مشابه
Do Side Payments Help? Collective Decisions and Strategic Delegation
I investigate when side payments facilitate cooperation in a context with strategic delegation. On the one hand, allowing side payments may be necessary when one party’s participation constraint otherwise would be violated. On the other, with side payments each principal appoints a delegate that values the project less, because this increases her bargaining power. Reluctant agents, in turn, imp...
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We study how a principal should optimally choose between implementing a new policy and maintaining the status quo when the information relevant for the decision is privately held by agents. Agents are strategic in revealing their information, but the principal can verify an agent’s information at a given cost. We exclude monetary transfers. When is it worthwhile for the principal to incur the c...
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متن کاملDeliberating Collective Decisions
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 insights emerge from our analysis and match an array of stylized facts on committee decision making. Firs...
متن کاملDelegating Decisions in Strategic Settings
We formalise and investigate the following problem. A principal must delegate a number of decisions to a collection of agents. Once the decisions are delegated, the agents to whom the decisions are delegated will act selfishly, rationally, and independently in pursuit of their own preferences. The principal himself is assumed to be self-interested, and has some goal that he desires to be achiev...
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ژورنال
عنوان ژورنال: Psychological Reports
سال: 2007
ISSN: 0033-2941
DOI: 10.2466/pr0.101.7.803-815