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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 …
Persistent link: https://www.econbiz.de/10013087270
We study the role of information exchange, leadership and coordination in team or partnership structures. For this … held information on the joint production process. Once individual information is shared, team members decide individually … in this environment such that team members communicate their private information and exert efficient productive efforts …
Persistent link: https://www.econbiz.de/10013049204
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 …
Persistent link: https://www.econbiz.de/10010877742
Politicians seeking reelection need voters to know what they have done for them. Thus, incentives may arise to spend more money where media coverage is higher. We present a simple model to explain the allocation of public spending across jurisdictions contingent on media activity. An incumbent...
Persistent link: https://www.econbiz.de/10005181563
We study the impact of political knowledge on the attitudes of European citizens towards the possible distribution of responsibilities between European level institutions and national governments in three policy areas: foreign policy, defence and immigration policy. The hypothesis tested is that...
Persistent link: https://www.econbiz.de/10008861864
estimating risk exposure from cross-section data containing information on the means of financing health payments. We estimate …
Persistent link: https://www.econbiz.de/10013315801
Guaranteed renewability is a prominent feature in many health and life insurance markets. It is well established in the literature that, when there is (only) risk type uncertainty, the optimal GR contract with renewal price set at the actuarially fair price for low risk types provides full...
Persistent link: https://www.econbiz.de/10012913273
This paper investigates the strategies of a data broker in selling information to one or to two competing firms that … can price-discriminate consumers. The data broker can strategically choose any segment of the consumer demand (information … broker are maximized when (1) information identifies the consumers with the highest willingness to pay; (2) consumers with a …
Persistent link: https://www.econbiz.de/10012914903
I study an indefinitely repeated game where firms differ in size. Attempts to form cartels in such an environment, for example by rationing outputs in a manner linked to firm size differences, have generally struggled. Any successful cartel has to set production shares in a manner that ensures...
Persistent link: https://www.econbiz.de/10012915500
In this paper, we consider how the hours of work and retirement age ought to respond to a change in the uncertainty of the length of life. In a first best framework, where a benevolent government exercises perfect control over the individuals' labor supply and retirement-decisions, the results...
Persistent link: https://www.econbiz.de/10012919245