and the firm can base its incentive payments on good information. Competition, however, may allow themarket and explicit …

Collective decision procedures should balance the incentives they provide toacquire information and their capacity to … aggregate private information. In a decisionproblem in which a project can be accepted or rejected once information about its … the other agent's vote.This in turn determines the decision to acquire information. In the debate about a rationalchoice …

political process and the production of policy relevant information; on the role played by probing into candidates' past; and on …

We identify the conditions under which voters can induce political parties to collect information and to select … voting rule should encourage parties to collect information. Voting rules that focus on the opposition party sometimes … information. However, in contrast to office motivated parties, policy motivated parties will sometimes select policies that …

We study the information aggregation properties of unanimous voting rules in the laboratory. In line with theoretical …

Information is a fundamental component of all financial transactions and markets, but it can arrive in multiple forms …. We define what is meant by hard and soft information and describe the relative advantages of each. Hard information is … quantitative, easy to store and transmit in impersonal ways, and its information content is independent of its collection. As …