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The Optimal Decision Rule for Fixed-Size Committees in Dichotomous Choice Situations: The General Result

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Author Info
Ben-Yashar, Ruth C
Nitzan, Shmuel I

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Abstract

This paper presents a general pairwise choice framework and derives the optimal decision rule for fixed-size committees. The main result generalizes a number of earlier results in the subject. Copyright 1997 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

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Publisher Info
Article provided by Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association in its journal International Economic Review.

Volume (Year): 38 (1997)
Issue (Month): 1 (February)
Pages: 175-86
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Handle: RePEc:ier:iecrev:v:38:y:1997:i:1:p:175-86

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  1. Jan Marc Berk & Beata K. Bierut, 2005. "Communication in Monetary Policy Committees," DNB Working Papers 059, Netherlands Central Bank, Research Department. [Downloadable!]
  2. Christian List, 2002. "On the Significance of the Absolute Margin," Public Economics 0211004, EconWPA. [Downloadable!]
  3. Mehmet Bac & Parimal Kanti Bag, 2002. "Committee Decisions with Partisans and Side-Transfers," Theory and Decision, Springer, vol. 52(3), pages 267-286, May. [Downloadable!] (restricted)
  4. Michael Christensen & Thorbjørn Knudsen, 2006. "Organizational Design and Resource Evaluation," DRUID Working Papers 06-05, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies. [Downloadable!]
  5. Christian List, 2003. "What is special about the proportion? A research report on special majority voting and the classical Condorcet jury theorem," Public Economics 0304004, EconWPA. [Downloadable!]
  6. Jan Marc Berk & Beata K. Bierut, 2005. "On the Optimality of Decisions made by Hub-and-Spokes Monetary Policy Committees," DNB Working Papers 027, Netherlands Central Bank, Research Department. [Downloadable!]
  7. Jan Marc Berk & Beata K. Bierut, 2003. "Committee Structure and its Implications for Monetary Policy Decision-making," Tinbergen Institute Discussion Papers 03-053/2, Tinbergen Institute. [Downloadable!]
    Other versions:
  8. Roland Kirstein, . "The Condorcet Jury-Theorem with Two Independent Error-Probabilities," German Working Papers in Law and Economics 2006-1-1154, Berkeley Electronic Press. [Downloadable!]
  9. Jan Marc Berk & Beata K. Bierut, 2004. "The Effects of Learning in Interactive Monetary Policy Committees," Tinbergen Institute Discussion Papers 04-029/2, Tinbergen Institute. [Downloadable!]
    Other versions:
  10. Winston T H Koh, 2004. "The Optimal Design of Fallible Organizations: Invariance of Optimal Decision Criterion and Uniqueness of Hierarchy and Polyarchy Structures," Working Papers 18-2004, Singapore Management University, School of Economics. [Downloadable!]
    Other versions:
  11. Ruth Ben-Yashar, 2006. "Information is important to Condorcet jurors," Public Choice, Springer, vol. 127(3), pages 305-319, June. [Downloadable!] (restricted)
  12. Eyal Baharad & Ruth Ben-Yashar, 2009. "The robustness of the optimal weighted majority rule to probability distortion," Public Choice, Springer, vol. 139(1), pages 53-59, April. [Downloadable!] (restricted)
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