Social choice is studied in this paper as a mapping from information on utilities over states of the world to an … ordering of those states of the world. The idea of using this type of information originates in the work of Sen and Roberts … information on the way in which all states of the world, on any path through the set of states of the world, must be ordered. …

institution with more accurate information is always by far the most popular, but noisy information undermines the popularity of …

than absolute) change in taxes. Second, the respondents should be given the option to answer based on information about the … positions of large parties and interest groups with known political orientation rather than based on the raw policy information …

We consider a setting in which two potential merger partners each possess private information pertaining both to the … profitability of the merged entity and to stand-alone profits, and we investigate the extent to which this private information makes …

was decreased by forty percent relative to the control. (3) The party information significantly affected the choices … information interacted with educational level in only eight out of forty choice sets, suggesting that even the more educated … two to ten relative to the control. These findings suggest that the party information helped the respondents to articulate …

subject to a private information problem. The asset plays the role of a medium of exchange, but this role can be affected by … information, a set of experiments with adverse selection where the terminal value of notes are determined exogenously, and a set …

No voters cast their votes based on perfect information, but better educated and richer voters are on average better … strong correlation between income and political information, Congress representatives vote more conservatively, which is also …

acquire information on the value of the IV. This leads to violation of the exclusion restriction. We analyze this in a dynamic …

We characterize a precise comparative static on welfare and the amount of public information in an economy under … uncertainty. Results dating to Hirshleifer (1971) have suggested that information can have negative value in such a setting, but … concept of implementable allocations, the negative relationship between more public information in the sense of Blackwell and …