Economists usually think that rational voters have little incentives to acquire costly information. We present a … information if media technology is available because then they do not condition their informational decisions on being pivotal …-ride. Further, we show how the quality of information depends on the size of the electorate, the prior knowledge of voters and on …

suppression bias and update appropriately, important information is lost through bias, potentially resulting in inefficient …

In this paper we build a formal model to study market environments where information is costly to acquire and is of use … also to potential competitors. In such situations a market for information may form, where reports - of unverifiable … quality - over the information acquired are sold. A complete characterization of the equilibria of the game is provided. We …

externalities and so, the option exercise by the Leader generates an Information Revelation" that benefits the Follower. Moreover …