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Optimal collective dichotomous choice under quota constraints

Author

Listed:
  • Ruth Ben-Yashar

    () (Department of Economics, Bar-Ilan University, 52900 Ramat Gan, ISRAEL)

  • Sarit Kraus

    (Department of Mathematics and Computer Science, Bar-Ilan University,52900 Ramat Gan, ISRAEL)

Abstract

This paper presents optimal collective dichotomous choices under quota constraints. We focus on committees that have to decide whether to accept or reject a set of projects under quota constraints. We provide a method for optimal ranking of projects which is suitable for solving this problem. The main result generalizes a number of earlier results in the subject. To outline the applicability of our method, we demonstrate its usage in the area of information filtering.

Suggested Citation

  • Ruth Ben-Yashar & Sarit Kraus, 2002. "Optimal collective dichotomous choice under quota constraints," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 19(4), pages 839-852.
  • Handle: RePEc:spr:joecth:v:19:y:2002:i:4:p:839-852
    Note: Received: February 14, 2000; revised version: January 19, 2001
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    Citations

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    Cited by:

    1. Ben-Yashar, Ruth & Danziger, Leif, 2011. "Symmetric and asymmetric committees," Journal of Mathematical Economics, Elsevier, vol. 47(4-5), pages 440-447.
    2. Ruth Ben-Yashar & Winston Koh & Shmuel Nitzan, 2012. "Is specialization desirable in committee decision making?," Theory and Decision, Springer, vol. 72(3), pages 341-357, March.
    3. Ruth Ben-Yashar & Leif Danziger, 2015. "When is voting optimal?," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 3(2), pages 341-356, October.
    4. Ruth Ben-Yashar & Shmuel Nitzan, 2014. "On the significance of the prior of a correct decision in committees," Theory and Decision, Springer, vol. 76(3), pages 317-327, March.
    5. Ruth Ben-Yashar & Igal Milchtaich, 2003. "First and Second Best Voting Rules in Committees," Working Papers 2003-08, Bar-Ilan University, Department of Economics.

    More about this item

    Keywords

    Decision-making; Committees; Optimal ranking; Quota.;

    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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