Similar Search Results

Ben-Yashar, Ruth - 2014

We consider a framework where the optimal decision rule determining the collective choice depends in a simple way on the decision makers' posterior probabilities of a particular state of nature. Nevertheless, voting is generally an inefficient way to make collective choices and this paper sheds...

Persistent link: https://www.econbiz.de/10013039595

Symmetric and Asymmetric Committees

Ben-Yashar, Ruth - 2011

This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule. There is an even number of decision makers at each of various skill levels and each committee has an odd number of members. Surprisingly, even with the symmetric assumptions in...

Persistent link: https://www.econbiz.de/10013123565

Politicians, Governed vs. Non-Governed Interest Groups and Rent Dissipation

Epstein, Gil S. - 2014

Government intervention often gives rise to contests and the government can influence their outcome by choosing their type. We consider a contest with two interest groups: one that is governed by a central planner and one that is not. Rent dissipation is compared under two well-known contest...

Persistent link: https://www.econbiz.de/10013061935

Lotteries vs. All-Pay Auctions in Fair and Biased Contests

Epstein, Gil S. - 2012

The form of contests for a single fixed prize can be determined by a designer who maximizes the contestants' efforts. This paper establishes that, under common knowledge of the two asymmetric contestants' prize valuations, a fair Tullock-type endogenously determined lottery is always superior to...

Persistent link: https://www.econbiz.de/10013096475

How Transparency Kills Information Aggregation : Theory and Experiment

Fehrler, Sebastian - 2015

concerned committee members receive private information of different type-dependent accuracy, deliberate and vote. We study … affects information aggregation at the deliberation and voting stages, leading to sharply different committee error rates than … under secrecy. This occurs despite subjects revealing more information under transparency than theory predicts …

Persistent link: https://www.econbiz.de/10013023008

Influence of Freedom of Choice on Happiness

Koohborfardhaghighi, Somayeh; Summers, Christopher; … - 2022

The literature on happiness shows that there are many factors that influence a person s happiness. Extending previous studies, we investigate the role of the freedom of choice as a key contributing construct in influencing a person s happiness. We define two hypothetical sub-constructs for the...

Persistent link: https://www.econbiz.de/10014030761

Committee Decision-Making Under the Threat of Leaks

Fehrler, Sebastian; Hahn, Volker - 2021

threat that information might be passed on to outsiders. We study theoretically and experimentally how this possibility …, the threat of leaks causes a committee to recommend rejection of a project whenever precise information has been shared …

Persistent link: https://www.econbiz.de/10013315273

Information Provision and Postgraduate Studies

Berkes, Jan - 2019

This is the first paper to experimentally examine effects of information provision on beliefs about pecuniary and non … treatment. Taken together, this study highlights the relevance of information provision on pecuniary and non-pecuniary labor …

Persistent link: https://www.econbiz.de/10012859738

Job Assignments under Moral Hazard:The Peter Principle Revisited

Koch, Alexander Karl; Nafziger, Julia - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

The Peter Principle captures two stylized facts about hierarchies: first, promotions often placeemployees into jobs for which they are less well suited than for that previously held. Second,demotions are extremely rare...

Persistent link: https://www.econbiz.de/10005862318

Is Secessionism Mostly About Income or Identity? A Global Analysis of 3,003 Subnational Regions

Desmet, Klaus; Ortuño-Ortín, Ignacio; Özak, Ömer - 2022

This paper analyzes whether the propensity to secede by subnational regions responds mostly to differences in income per capita or to distinct identities. We explore this question in a quantitative political economy model where people's willingness to finance a public good depends on their...

Persistent link: https://www.econbiz.de/10014076467