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Persistent link: https://www.econbiz.de/10000970064
of the project and about being considered well informed. Before voting on the project, members can exchange their private … those of the member casting the decisive vote. Our last result is that the optimal voting rule balances the quality of …
Persistent link: https://www.econbiz.de/10011343285
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We study committees that acquire information, deliberate and vote. A member cares about state-dependent decision payoffs and about his reputation for expertise. The state remains unobserved, even after the decision has been taken. In such inconclusive environments, in equilibrium, a member's...
Persistent link: https://www.econbiz.de/10011895815
Theory predicts that committees of experts may take decisions that look good but are bad and that they show a united … assessments. We investigate this theory in the lab, using treatments with and without reputation concerns and with and without …
Persistent link: https://www.econbiz.de/10011895939
qualityhas been acquired or not, we compare the performance of a delegation structure with that oftwo voting procedures …. Delegation makes one's acceptance decision pivotal by definition.The decisiveness of one's vote in a voting procedure depends on …
Persistent link: https://www.econbiz.de/10011325973
We develop a tractable theory to study the impact of biased media on election outcomes, voter turnout and welfare. News …
Persistent link: https://www.econbiz.de/10012030647
Persistent link: https://www.econbiz.de/10003811430
This paper studies intertemporal social preferences. We introduce intertemporal dictator and ultimatum games where players decide on the timing of monetary payoffs. The setting is twodimensional rather than one-dimensional, in the sense that inequalities can arise in the time as well as in the...
Persistent link: https://www.econbiz.de/10013162492
Dams are essential for water storage and hydropower generation, but change river flow patterns and endanger local environments. Dam projects may further exacerbate already existing problems in trans-boundary rivers. We consider three scenarios of institutional factors: (1) each country pursues...
Persistent link: https://www.econbiz.de/10011556226