AbstractWe study the properties of decisions made by committees who select alternatives by constructing shortlists. We find that even when committees are themselves rational, such procedures may not give rise to rational choices. A necessary condition for this to occur is disagreement between committees. However, we delimit substantially the extent of `irrationality' that these procedures allow.
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Bibliographic InfoPaper provided by EconWPA in its series Public Economics with number 0503006.
Length: 10 pages
Date of creation: 15 Mar 2005
Date of revision: 14 Jul 2005
Note: Type of Document - pdf; pages: 10
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Committees; shortlist; menu-dependence; cycles of choice;
Find related papers by JEL classification:
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-04-16 (All new papers)
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