Showing 1 - 10 of 98
I show that a unique equilibrium exists in an asymmetric two-player all-pay auction with a discrete signal structure, correlated signals, and interdependent valuations. The proof is constructive, and the construction can be implemented as a computer program and be used to derive comparative...
Persistent link: https://www.econbiz.de/10010930796
We consider an election in which each voter can collect information of different precision. Voters have asymmetric information and preferences that vary both in terms of ideology and intensity. In contrast to all other models of voting with endogenous information, in equilibrium voters collect...
Persistent link: https://www.econbiz.de/10010665757
The paper addresses the mechanism design problem of eliciting truthful information from a committee of informed experts who collude in their information disclosure strategies. It is shown that under fairly general conditions full information disclosure is possible if and only if the induced...
Persistent link: https://www.econbiz.de/10010702847
When campaigning for reelection, incumbent parties' promises to voters are constrained by their records in office, while opposition parties can use their time away from power to develop new platforms. In this paper, I introduce incumbent policy persistence in a dynamic game of electoral...
Persistent link: https://www.econbiz.de/10010785022
I consider a repeated divide-the-dollar voting model with rejections leading to the implementation of the previous period's allocation (see Kalandrakis [14]). I show that if proposals can be non-exhaustive, then equal division can be achieved as an absorbing steady state from any initial...
Persistent link: https://www.econbiz.de/10010785024
Should two issues be decided jointly by a single committee or in separately by different committees? Similarly, should two defendants be tried together in a joint trial or tried separately in severed trials? Multiplicity of issues or defendants introduces novel strategic considerations. As in...
Persistent link: https://www.econbiz.de/10010743798
We prove existence of stationary Markov perfect equilibria in an infinite-horizon model of legislative policy making in which the policy outcome in one period determines the status quo for the next. We allow for a multidimensional policy space and arbitrary smooth stage utilities, and we assume...
Persistent link: https://www.econbiz.de/10010594322
A set of voters consults experts before voting over two alternatives. Experts observe private signals about the values of the alternatives and can reveal their information or conceal it, but cannot lie. We examine how disclosure and voting vary with preference biases, signal precision, and the...
Persistent link: https://www.econbiz.de/10010616897
This paper studies how the schooling system may be impacted by the number and skill type of immigrants. When the number of low-skilled immigrants is large, the education regime tends to become segregated. Wealthy locals are more likely to choose private schools and vote for a lower tax rate to...
Persistent link: https://www.econbiz.de/10010702850
I propose a game-theoretic model of costly voting that predicts significant turnout rates even when the electorate is arbitrarily large. The model has two key features that jointly drive the result: (i) some agents are altruistic (or ethical), (ii) among the agents who prefer any given...
Persistent link: https://www.econbiz.de/10011042956