Showing 1 - 10 of 29
Persistent link: https://www.econbiz.de/10014289626
We provide a unified analysis of the canonical rational voting model with privately known political preferences and costs of voting. Focusing on type-symmetric equilibrium, we show that for small electorates, members of the minority group vote with a strictly higher probability than do those in...
Persistent link: https://www.econbiz.de/10008865858
The incentive and project selection effects of agent anonymity are investigated in a setting where an evaluator observes a subjective signal of project quality. Although the evaluator cannot commit ex ante to an acceptance criterion, she decides up front between informed review, where the...
Persistent link: https://www.econbiz.de/10009148328
Evidence suggests little informed giving. To understand this behavior, we examine voluntary provision of a discrete public good with independent private values that can be ascertained at a cost. We find that an individual who considers a smaller contribution is less likely to learn her value,...
Persistent link: https://www.econbiz.de/10010703154
The preference between public and private negotiations for a buyer who sequentially visits two sellers is examined. It is shown that the buyer (weakly) prefers private negotiations so as to create strategic uncertainty about the trade history. With substitute goods, such uncertainty is valuable...
Persistent link: https://www.econbiz.de/10011049671
Persistent link: https://www.econbiz.de/10010596576
We present a theory of charitable fund-raising in which it is costly to solicit donors. We fully characterize the solicitation strategy that maximizes donations net of fund-raising costs. It is optimal for the fund-raiser to target only the "net contributors" -- donors who would give more than...
Persistent link: https://www.econbiz.de/10010633560
Evidence suggests little informed giving. To understand this behavior, we examine voluntary provision of a discrete public good with independent private values that can be ascertained at a cost. We find that an individual who considers a smaller contribution is less likely to learn her value,...
Persistent link: https://www.econbiz.de/10010776970
We provide a full equilibrium characterization of warm-glow giving à la Andreoni (1989, 1990) by extending the Andreoni-McGuire (1993) algorithm. We then generalize and offer an intuitive meaning to the large-economy crowding-out results by Ribar and Wilhelm (2002). The algorithm indexes...
Persistent link: https://www.econbiz.de/10011056163
In many important high-technology markets, including software development, data processing, communications, aeronautics, and defense, suppliers learn through experience how to provide better service at lower cost. This paper examines how a buyer designs dynamic competition among rival suppliers...
Persistent link: https://www.econbiz.de/10005759439