Collective decision making by committee
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A. J. Hughes Hallett
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Article
📅
1991
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Springer US
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English
⚖ 777 KB
Implicitly or explicitly, economic decisions always contain elements of compromise. However, the bargaining models of economic theory treat only the two decision maker case with linearly aggregated priorities; i.e. compromise decisions under Pareto optimality and no side payments. Even then the rela