Showing 1 - 10 of 390
Recent studies in psychology and neuroscience offer systematic evidence that fictional works exert a surprisingly strong influence on readers and have the power to shape their opinions and worldviews. Building on these findings, we study 'Potterian economics', the economic ideas, insights, and...
Persistent link: https://www.econbiz.de/10014304179
Conventional wisdom suggests that compulsory voting lowers the influence of specialinterest groups and leads to policies that are better for less privileged citizens, who often abstain when voting is voluntary. To scrutinize this conventional wisdom, I study public goods provision and rents to...
Persistent link: https://www.econbiz.de/10011430085
Recent studies in psychology and neuroscience find that fictional works exert strong influence on readers and shape their opinions and worldviews. We study the Potterian economy, which we compare to economic models, to assess how Harry Potter books affect economic literacy. We find that some...
Persistent link: https://www.econbiz.de/10011785714
I study a multi-sender signaling game between an uninformed decision maker and two senders with common private information and conflicting interests. Senders can misreport information at a cost that is tied to the size of the misrepresentation. The main results concern the amount of information...
Persistent link: https://www.econbiz.de/10013470529
This paper analyzes the implications of those types of interventions that affect misreporting costs. I study a model of communication between an uninformed voter and a media outlet that knows the quality of two competing candidates. The alternatives available to the voter are endogenously...
Persistent link: https://www.econbiz.de/10013470531
No voters cast their votes based on perfect information, but better educated and richer voters are on average better informed than others. We develop a model where the voting mistakes resulting from low political knowledge reduce the weight of poor voters, and cause parties to choose political...
Persistent link: https://www.econbiz.de/10010316941
In this paper we analyze a legislative bargaining game in which parties privately informed about their preferences bargain over an ideological and a distributive decision. Communication takes place before a proposal is offered and majority rule voting determines the outcome. When the private...
Persistent link: https://www.econbiz.de/10010273671
We present a model in which the media provide voters with information that is tainted by their own preferences, and derive an equilibrium in which media endorsements influence voting behavior. Competition for media endorsement causes political parties to adopt more centrist policies, which...
Persistent link: https://www.econbiz.de/10010293478
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/10010368176
We study the effect of public information on collective decision-making in a committee with members of both common and conflicting interests. We show that the set of preferences that allow for the existence of an informative voting equilibrium can be heavily restricted by the presence of a...
Persistent link: https://www.econbiz.de/10011282525