Bayesian improvement of the phantom voters rule: An example of dichotomic communication
AbstractThis paper studies communication mechanisms for two players with symmetric single-peaked preferences. The peaks are privately known and drawn from a uniform distribution before the agents take a collective decision. While for the general setting Moulin (1980) characterized all strategy-proof mechanisms, much remains to be known in the Bayesian framework. The example consists of a dichotomic mechanism, that yields a strictly higher ex-ante expected utility than the best "min-max" rule. The properties of the mechanism are analyzed, then limits and possible directions for generalization are discussed.
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Bibliographic InfoArticle provided by Elsevier in its journal Mathematical Social Sciences.
Volume (Year): 55 (2008)
Issue (Month): 1 (January)
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Web page: http://www.elsevier.com/locate/inca/505565
Other versions of this item:
- Pierre Fleckinger, 2008. "Bayesian Improvement of the Phantom Voters Rule: An example of Dichotomic Communication," UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers) hal-00641865, HAL.
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