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We study a model in which voters choose between two candidates on the basis of both ideology and competence. While the ideology of the candidates is commonly known, voters are imperfectly informed about competence. Voter preferences, however, are such that ideology alone determines voting. When...
Persistent link: https://www.econbiz.de/10009321362
We study a Condorcet jury model where voters are driven by instrumental and expressive motives. We show that arbitrarily small amounts of expressive motives significantly affect equilibrium behavior and the optimal size of voting bodies. Enlarging voting bodies always reduces accuracy over some...
Persistent link: https://www.econbiz.de/10010886760
Persistent link: https://www.econbiz.de/10005833137
Theory models of platform competition predict that prices and buyer-seller ratios should be approximately equal on coexisting auction sites. Using field experiments on eBay and Yahoo Auctions, we find evidence that is inconsistent with equilibrium hypotheses and suggest that the market is...
Persistent link: https://www.econbiz.de/10008518055