on whether media have commitment power; if not, they can worsen information transmission and voter welfare. …

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

Information affecting a candidate's reputation might have significant electoral consequences. Do candidates respond to … the release of information? Using Brazilian elections and audits as an exogenous source of information, I show that both … incumbent and challenger increase their campaign spending when detrimental information affects the incumbent's reputation …

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 … qualityhas been acquired or not, we compare the performance of a delegation structure with that oftwo voting procedures …