well, including those in which voters vote informatively. -- efficient information aggregation ; simple plurality rule …

The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates … topics that in the past have been treated separately and unsatisfactorily, or not at all. The theory does without the common … the theory lead to Törnqvist indexes defined on the appropriate data set. A numerical example confirms that in the non …

We propose and apply a new theory-consistent algorithm, which uses disaggregated inter-city trade data to identify a … this upward bias results from aggregation along the extensive industry margin, which is why the bias is much smaller and … only marginally significant if estimation is conducted in a theory-consistent way at the disaggregated industry level. …

this paper, we investigate the sensitivity of standard gravity estimation to spatial aggregation. We build a model in which … on border effects in domestic and international trade. Our theory shows that larger countries are systematically … associated with smaller border effects. The reason is that due to spatial frictions, aggregation across space increases the …