Efficient Search by Committee

Authors

Dirk Bergemann
Juuso Välimäki

Document Type

Discussion Paper

Publication Date

1-1-2011

CFDP Number

1782

CFDP Pages

10

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.

Recommended Citation

Bergemann, Dirk and Välimäki, Juuso, "Efficient Search by Committee" (2011). Cowles Foundation Discussion Papers. 2123.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/2123