By facilitating the flow of information in society, communications technology (CT; e.g., newspapers, radio, television …

This paper explores the role of information transmission in explaining donors' choice between project aid and budget … example of a “delegation-scheme.” Conversely, project aid represents a more “centralized” type of aid. According to the theory …, when countries' local knowledge is more important than donors' information, recipient countries' discretion in the choice …

' consists of unverifiable information and the quality of communication depends on the conflict of interests between the …This paper explores the role of information transmission and misaligned interests across levels of government in … explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal …

This paper characterizes geometrically the set of all Nash equilibrium payoffs achievable with unmediated communication …'s information is certifiable. The first equilibrium characterization is provided for unilateral persuasion games, and the second for … his equilibrium payoff compared to all equilibria of the unilateral persuasion game by delaying information certification …

around the world. It shows much diversity in information disclosure, even for central banks with the same monetary policy …, this paper aims to bridge the gap between the theory and practice of monetary policy transparency …

the market: That's what Political Economy, understood as the application of economics to the study of political processes …-interested, unlike the benevolent despot of earlier models. History repeats itself with the rise of behavioral economics: Assuming … in a “benevolent” way. Recently, however, political economists have started to apply behavioral economics insights to the …

benefits only if they aggregate their private information. Some members of the society, however, are harmed by socially … desirable policies and aim at manipulating information aggregation by misrepresenting their private information. We show that … information can be aggregated and a socially desirable policy can be implemented under a new class of democratic mechanisms …

This paper reports on experiments testing the viability of markets for cheap talk information. We find that the poor … quality of the information transmitted leads to a collapse of information markets. The reasons for this are surprising given … the previous experimental results on cheap-talk games. Our subjects provide low-quality information even when doing so …