Download This PaperEfficient Search by Committee
11 Pages Posted: 29 Jan 2011
Date Written: January 28, 2011
Abstract
This note constructs an efficient mechanism for finding the best candidate for a committee from a sequence of potential candidates. Committee members have independent private values information about the quality of the candidate. The mechanism selects the best candidate according to the standard utilitarian welfare criterion. Furthermore, the mechanism can be modified to have a balanced budget.
Keywords: Search, Committtees, Voting, Mechanism design, Dynamic pivot mechanism
JEL Classification: C72, D43, D82, D83, H41
Suggested Citation: Suggested Citation
Bergemann, Dirk and Valimaki, Juuso, Efficient Search by Committee (January 28, 2011). Cowles Foundation Discussion Paper No. 1782, Available at SSRN: https://ssrn.com/abstract=1750348 or http://dx.doi.org/10.2139/ssrn.1750348
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