CFDP 1782

Efficient Search by Committee

Author(s): 

Publication Date: January 2011

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.

Keywords: 

Search, Committees, Voting, Mechanism design, Dynamic pivot mechanism

JEL Classification Codes:  C72, D43, D82, D83, H41