Inefficiencies on Linking Decisions.
Jackson and Sonnenschein (2006) show that by linking collective decisions the incentive costs can become negligible and, at the limit, ex-ante e¢ ciency can be achieved. In a voting situation this implies that the agents' intensity of preferences can be taken into account even in the absence of...
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| Format: | Working paper |
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Department of Economics (University of Oxford)
2007
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