Showing 1 - 10 of 28
In a world where rational individuals may hold different prior beliefs, a sender can influence the behavior of a receiver by controlling the informativeness of a signal. We characterize the set of distributions of posterior beliefs that can be induced by a signal, and provide necessary and...
Persistent link: https://www.econbiz.de/10011126024
In a symmetric information voting model, an individual (information controller) can influence voters’ choices by designing the information content of a public signal. We characterize the controller’s optimal signal. With a non-unanimous voting rule, she exploits voters’ heterogeneity by...
Persistent link: https://www.econbiz.de/10011126416
A sender can influence the behavior of a receiver by controlling the informativeness of a public signal. We show that the sender cannot benefit from becoming an expert, that is, from privately learning some information about the state. We then show that in some instances an uninformed sender is...
Persistent link: https://www.econbiz.de/10011126502
We study the role of parties in a citizen-candidate repeated-elections model in which voters have incomplete information. We first identify a novel "party competition effect" in a setting with two opposing parties. Compared with "at large" selection of candidates, party selection makes...
Persistent link: https://www.econbiz.de/10005066749
We develop a dynamic repeated election model in which citizen candidates are distinguished by both their ideology and valence. Voters observe an incumbent's valence and policy choices but only know the challenger's party. Our model provides a rich set of novel results. In contrast to existing...
Persistent link: https://www.econbiz.de/10009148362
When an individual performs several tasks simultaneously, processing resources must be allocated to different brain systems to produce energy for neurons to fire. Following the evidence from neuroscience, we model the brain as an organization in which a coordinator allocates limited resources to...
Persistent link: https://www.econbiz.de/10011268068
We examine the relationship between the organization of a multi-divisional firm and its ability to adapt production decisions to changes in the environment. We show that even if lower-level managers have superior information about local conditions, and incentive conflicts are negligible, a...
Persistent link: https://www.econbiz.de/10011267825
When an individual performs several tasks simultaneously, resources must be allocated to different brain systems to produce energy for neurons to fire. Following the evidence from neuroscience, we model the brain as an organization in which a coordinator allocates limited resources to the brain...
Persistent link: https://www.econbiz.de/10009493563
We analyse the design of decision rules by a principal who faces an informed but biased agent and who is unable to commit to contingent transfers. The contracting problem reduces to a delegation problem in which the principal commits to a set of decisions from which the agent chooses his...
Persistent link: https://www.econbiz.de/10010637952
We analyse the design of decision rules by a principal who faces an informed but biased agent and who is unable to commit to contingent transfers. The contracting problem reduces to a delegation problem in which the principal commits to a set of decisions from which the agent chooses his...
Persistent link: https://www.econbiz.de/10005672648