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Gilligan Krehbiel (1987) - Collective Decision Making And Standing Committees (view source)
Revision as of 19:07, 30 September 2011
, 19:07, 30 September 2011→"Key points" from Rui
* See paper for proofs of expected utilities.
====Proposition 3====: Compare the expected utilities for the committee in proposition 1 (no specialization) and proposition 2 (specialization) -- both with open amendment rules. With open rules, the committee will specialize iff <math>k<\tilde{k}^{u}</math> where <math>\tilde{k}^{u}=\frac{N^{2}-1}{N^{2}}\sigma^{2}_{\omega}-\frac{N^{2}-1}{3}x_{c}^{2}</math>.
===Closed rule, no specialization===
