Now showing items 1-1 of 1
Rational benevolence in small committees
(Working paper; Arbeidsnotat, 2006-09)
We consider a pie-splitting game involving three committee members. In response to the large literature on sequential procedures in this type of game, we propose an institution that is inspired by auction theory. The (sealed) bids of the players are proposals for a distribution of the pie and are given simultaneously. If any of the bids is preferred to all others in a pairwise comparison (i.e. ...