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Is It Whom You Know or What You Know? An Empirical Assessment of the Lobbying Process

Bertrand, Marianne - 2011

get inside the black box of the lobbying process and inform our understanding of the relative importance of these two … views of lobbying. We exploit multiple sources of data covering the period 1999 to 2008, including: federal lobbying … lobbying does not fit the data well. Instead, maintaining connections to politicians appears central to what lobbyists do. In …

Persistent link: https://www.econbiz.de/10012461892

Competitive Capture of Public Opinion

Alonso, Ricardo; Padró i Miquel, Gerard - National Bureau of Economic Research - 2023

We propose a general equilibrium model where two special interest groups (SIGs) compete to influence public opinion. Citizens with heterogeneous priors over a binary state of the world receive reports drawn from a continuous message space by a variety of sources. The two opposite SIGs attempt to...

Persistent link: https://www.econbiz.de/10014322801

Broadband Internet Access and Health Outcomes : Patient and Provider Responses in Medicare

Van Parys, Jessica; Brown, Zach Y. - National Bureau of Economic Research - 2023

High-speed internet has increased the amount of information available in health care markets. Online information may improve health outcomes if it reduces information frictions and helps patients choose higher quality providers or causes providers to improve quality. We examine how health...

Persistent link: https://www.econbiz.de/10014337812

Do Consumers Acquire Information Optimally? Experimental Evidence from Energy Efficiency

La Nauze, Andrea; Myers, Erica - National Bureau of Economic Research - 2023

We use an experiment to test whether consumers optimally acquire information on energy costs in appliance markets where, like many contexts, consumers are poorly informed and make mistakes despite freely-available information. We find consumers acquire information suboptimally; there is little...

Persistent link: https://www.econbiz.de/10014372499

Reconsidering Contractual Liability and the Incentive to Reveal Information

Bebchuk, Lucian Arye - 1999

In an earlier work, we analyzed how the legal rules governing contractual liability affect the transfer of information between the parties to the contract. In particular, we showed how limitations on contractual liability might lead high valuation buyers to reveal their valuation of performance,...

Persistent link: https://www.econbiz.de/10012471688

The Sugar Institute Learns to Organize Information Exchange

Genesove, David - 1997

This paper describes information exchange under the Sugar Institute, the trade association of U.S. domestic sugar cane refiners, between 1928 and 1936. The Institute collected production and delivery data from the individual firms and returned it to them in aggregated form. Attempts to exchange...

Persistent link: https://www.econbiz.de/10012472840

The Information View of Financial Crises

Dang, Tri Vi - 2019

Short-term debt that can serve as a medium of exchange is designed to be information insensitive. No one should be tempted to acquire private information to gain an informational advantage in trading that could destabilize the value of the debt. Short-term debt minimizes the incentive to acquire...

Persistent link: https://www.econbiz.de/10012480021

Do You Know That I Know That You Know...? Higher-Order Beliefs in Survey Data

Coibion, Olivier - 2018

We implement a new survey of firms, focusing on their higher-order macroeconomic expectations. The survey provides a novel set of stylized facts regarding the relationship between first-order and higher-order expectations of economic agents, including how they adjust their beliefs in response to...

Persistent link: https://www.econbiz.de/10012480640

Signaling, Shame, and Silence in Social Learning

Chandrasekhar, Arun G. - 2018

We examine how a social stigma of seeking information can inhibit learning. Consider a Seeker of uncertain ability who can learn about a task from an Advisor. If higher-ability Seekers need information less, then a Seeker concerned about reputation may refrain from asking to avoid signaling low...

Persistent link: https://www.econbiz.de/10012480821

Information Avoidance and Image Concerns

Exley, Christine L.; Kessler, Judd B. - National Bureau of Economic Research - 2021

A rich literature finds that individuals avoid information, even information that is instrumental to their choices. A common hypothesis posits that individuals strategically avoid information to hold particular beliefs or to take certain actions--such as behaving selfishly--with lower image...

Persistent link: https://www.econbiz.de/10012482594

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