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 efficiency can be achieved. In a voting situation this implies that the agents' intensity of preferences can be taken into account even in the absence o...
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| Định dạng: | Working paper |
| Được phát hành: |
University of Oxford
2007
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