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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. ...