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Cheap talk games have been widely used to analyze situations in which a policy maker needs expert advice. In previous work, agent uncertainty has almost always been modeled using a single-dimensional state variable. In this paper we prove that the dimensionality of the uncertain variable has an...
Persistent link: https://www.econbiz.de/10005129693
We use data from Texas liquor referenda to evaluate the performance of the pivotal-voter theory of voter turnout. We structurally estimate the parameters of a pivotal-voter model using the referendum data. We then use the estimates to evaluate the out of sample performance of the model. Finally,...
Persistent link: https://www.econbiz.de/10005702685