where Condorcet cycles may occur. In particular, we focus on how information about the distribution of preferences affects … information; (ii) the relative importance of the intermediate candidate; (iii) the electorate's relative support for one … results show that information serves as a coordination device where strategic voting does not harm the plurality …

Contract audits aimed at reducing information asymmetry and transaction costs are frequently used in imperfect markets … such as defense procurement. This contradicts predictions from standard economic theory. We conduct a laboratory experiment …

suppliers to reveal information that will help the buyer to better specify the terms of the contract. This paper addresses the … and in a laboratory experiment. Our theoretical results suggest that in a setting where the buyer and the suppliers have …

riding. In this paper we report an attempt to reproduce the findings of Mas and Moretti in a lab experiment. Lab experiments … colleagues whom they observe. Although the subjects in our experiment are aware of the productivity of others and although there …