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A principal must decide whether to implement each of two independent proposals (e.g., earmark requests, policy reforms, grant funding) of unknown quality. Each proposal is represented by an agent who advocates by producing evidence about quality. Although the principal prefers the...
Persistent link: https://www.econbiz.de/10009294300
Self-interested agents (e.g., interest groups, researchers) produce verifiable evidence in an attempt to convince a principal (e.g., legislator, funding organization) to act on their behalf (e.g., introduce legislation, fund research). Agents provide less informative evidence than the principal...
Persistent link: https://www.econbiz.de/10009651331
We show that informative political campaigns can increase political extremism and decrease voter welfare. We present a model of elections in which candidate ideology is strategically selected prior to a campaign which reveals information about candidate quality. Documented means by which...
Persistent link: https://www.econbiz.de/10010604297
This paper challenges the prevailing view in the literature that informational lobbying is socially beneficial. Key to our analysis is the fact that policymakers are constrained on the number of issues they can address, which forces them to prioritize issues. Under reasonable conditions,...
Persistent link: https://www.econbiz.de/10010604300