CHEATPROOF SOCIAL DECISION MECHANISMS

Abstract

Economists have long sought methods whereby efficient collective decisions can be made. When a group is confronted with the problem of choosing one policy from several alternatives, some decision‐making mechanism must be employed. Whether the mechanism is choice by democratic vote, the whim of the reigning dictator, coin tossing, or some other, the choice is made by the application of some decision‐making mechanism.

Citation

MATTHEW, A.B. (1979), "CHEATPROOF SOCIAL DECISION MECHANISMS", Studies in Economics and Finance, Vol. 3 No. 2, pp. 75-96. https://doi.org/10.1108/eb028611