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Eliciting Information from a Committee

Author

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  • Andriy Zapechelnyuk

    (Queen Mary, University of London)

Abstract

The paper addresses the mechanism design problem of eliciting truthful information from a committee of informed experts who collude in their information disclosure strategies. It is shown that under fairly general conditions full information disclosure is possible if and only if the induced outcome is Pareto undominated for the committee members.

Suggested Citation

  • Andriy Zapechelnyuk, 2012. "Eliciting Information from a Committee," Working Papers 692, Queen Mary University of London, School of Economics and Finance.
  • Handle: RePEc:qmw:qmwecw:692
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    References listed on IDEAS

    as
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    Cited by:

    1. Killian J. McCarthy & Florian Noseleit, 2022. "Too many cooks spoil the broth: on the impact of external advisors on mergers and acquisitions," Review of Managerial Science, Springer, vol. 16(6), pages 1817-1852, August.
    2. Mylovanov, Tymofiy & Zapechelnyuk, Andriy, 2013. "Decision rules revealing commonly known events," Economics Letters, Elsevier, vol. 119(1), pages 8-10.
    3. Miura, Shintaro, 2014. "Multidimensional cheap talk with sequential messages," Games and Economic Behavior, Elsevier, vol. 87(C), pages 419-441.

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    More about this item

    Keywords

    Communication; Multidimensional mechanism design; Experts; Collusion; Axiomatic bargaining; Closed rule;
    All these keywords.

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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