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• W2639931269 abstract "This paper deals with a multistage interactive - auction system for collective decision making. The system makes it possible to solve some typical decision problems; it is assumed that participants of the “auction” are directly--sometimes financially--interested in the final result of the decisions made. One main task of collective decision making is presented. This is connected with the choice of quantity and financing of the public divisible good. Taking into account that in general, procedures used to solve this problem can be considered as realizations of noncooperative N-person games with non-zero sum of payments, different types of equilibria for such games are discus-sed. The so-called ‘free-rider problem’ (manipulation) is also analyzed. Some specific types of the participants' utility functions (i.e., the Cobb-Douglas and CES functions) are then investigated. For these functions, the game equilibrium conditions--whose general form has been derived in a previous section-are presented." @default.
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• W2639931269 date "1986-06-01" @default.
• W2639931269 modified "2023-09-25" @default.
• W2639931269 title "Equilibrium Conditions of the Interactive System for Collective Decision Making" @default.
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• W2639931269 doi "https://doi.org/10.1016/s1474-6670(17)59645-7" @default.
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