Flip a coin or vote : an Experiment on choosing group decision


Hoffmann, Timo ; Renes, Sander


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URL: https://ub-madoc.bib.uni-mannheim.de/41104
URN: urn:nbn:de:bsz:180-madoc-411040
Document Type: Working paper
Year of publication: 2016
The title of a journal, publication series: Working Paper Series
Volume: 16-11
Place of publication: Mannheim
Publication language: English
Institution: School of Law and Economics > VWL, Wirtschaftspolitik (Grüner)
MADOC publication series: Department of Economics > Working Paper Series
Subject: 330 Economics
Classification: JEL: C91 , C92 , D70 , D82,
Abstract: 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 experimentally show that participation constraints can prevent their implementation. We find strong indications that individual preferences for choice rules are sensitive to individual expected payoffs. Our results highlight the importance of considering participation constraints when designing choice institutions.

Dieser Eintrag ist Teil der Universitätsbibliographie.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Hoffmann, Timo ; Renes, Sander (2016) Flip a coin or vote : an Experiment on choosing group decision. Open Access Working Paper Series Mannheim 16-11 [Working paper]
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