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We study career choice when competition for promotion is a contest. A more meritocratic profession always succeeds in attracting the highest ability types, whereas a profession with superior promotion benefits attracts high types only if the hazard rate of the noise in performance evaluation is...
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Increasingly, lobbying groups are subject to transparency requirements, obliging them to provide detailed information about their business. We study the effect this transparency policy has on the nature of lobbying competition. Under mild conditions, mandated transparency leads to an increase in...
Persistent link: https://www.econbiz.de/10009195587
We study vote buying by competing interest groups in a variety of electoral and contractual settings. While increasing the size of a voting body reduces its buyability in the absence of competition, we show that larger voting bodies may be more buyable than smaller voting bodies when interest...
Persistent link: https://www.econbiz.de/10009367604
We offer a model of "negative vote buying"--paying voters to abstain. Although negative vote buying is feasible under the open ballot, it is never optimal. In contrast, a combination of positive and negative vote buying is optimal under the secret ballot: Lukewarm supporters are paid to show up...
Persistent link: https://www.econbiz.de/10010970319
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
We study minority representation in the workplace when employers engage in optimal sequential search and minorities convey noisier signals of ability than mainstream job candidates. The greater signal noise makes it harder for minorities to change employers' prior beliefs. When employers are...
Persistent link: https://www.econbiz.de/10004999795
We study the value of commitment in contests and tournaments when there are costs for the follower to observe the leader's behavior. In a contest, the follower can pay to observe the leader's effort but cannot observe the effectiveness of that effort. In a tournament, the follower can pay to...
Persistent link: https://www.econbiz.de/10005408421
We study the value of commitment in contests and tournaments when there are costs for the follower to observe the leader's behavior. In a contest, the follower can pay to observe the leader's effort but cannot observe the effectiveness of that effort. In a tournament, the follower can pay to...
Persistent link: https://www.econbiz.de/10011131697