School of Economics and Finance

No. 692: Eliciting Information from a Committee

Andriy Zapechelnyuk , Queen Mary, University of London

April 1, 2012

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The paper addresses the mechanism design problem of eliciting truthful information from a committee of informed experts who collude in their information disclosure strategies. It is shown that under fairly general conditions full information disclosure is possible if and only if the induced outcome is Pareto undominated for the committee members.

J.E.L classification codes: D82, C78, D72

Keywords:Communication, Multidimensional mechanism design, Experts, Collusion, Axiomatic bargaining, Closed rule