Showing 1 - 10 of 2,260
We investigate the strategies of a data intermediary selling consumer information to firms for price discrimination … purpose. We analyze how the mechanism through which the data intermediary sells information influences how much consumer … information she will collect and sell to firms, and how it impacts consumer surplus. We consider three selling mechanisms tailored …
Persistent link: https://www.econbiz.de/10012832202
Numerous theoretical studies have shown that information aggregation through voting is fragile. We consider a model of … information aggregation with vote-contingent payoffs and generically characterize voting behavior in large committees. We use this … characterization to identify the set of vote-contingent payoffs that lead to a unique outcome that robustly aggregates information …
Persistent link: https://www.econbiz.de/10012866804
Empirical evidence shows that the perception of information is strongly concentrated in those environments in which a … information is assessed in terms of its contribution to productivity …
Persistent link: https://www.econbiz.de/10013316668
A rational-expectations equilibrium with positive demand for financial information does exist under fully revealing … average portfolio demand information in equilibrium if they can adjust portfolio size. More information diminishes the … endowments strongly differ from the average portfolio are worse off. Under fully revealing price, information market equilibria …
Persistent link: https://www.econbiz.de/10010261275
We investigate whether the simple plurality rule aggregates information efficiently in a large election with three …. With two alternatives and strategic voters, the simple plurality rule aggregates information efficiently in elections with …
Persistent link: https://www.econbiz.de/10010274750
We study the desirability of interventionist harmonization of legal standards across multiple, mutually interdependent jurisdictions which strive to adapt law to their local conditions as well as to synchronize it with other jurisdictions. In a setting where jurisdictions are privately informed...
Persistent link: https://www.econbiz.de/10010270515
Various markets ban or heavily restrict monetary transfers. This is often motivated by moral concerns. However, it appears to be disputable whether the observed restrictions on transfers are the appropriate market design answer to these concerns. Instead of exogenously restricting transfers on a...
Persistent link: https://www.econbiz.de/10010531829
Half of the jobs in the U.S. feature pay-for-performance. We study nonlinear income taxation in a model where such contracts arise in private labor markets that are constrained by moral hazard frictions. We derive novel formulas for the incidence of arbitrarily nonlinear reforms of a given tax...
Persistent link: https://www.econbiz.de/10012214178
Half of the jobs in the U.S. feature pay-for-performance. We study nonlinear income taxation in a model where such contracts arise in private labor markets that are constrained by moral hazard frictions. We derive novel formulas for the incidence of arbitrarily nonlinear reforms of a given tax...
Persistent link: https://www.econbiz.de/10012834365
have better information about the state of the world than voters. Three types of institutions are compared: direct …
Persistent link: https://www.econbiz.de/10010315966