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We consider the problem of sequential search when the decision to stop searching is made by a committee. We show that a symmetric stationary equilibrium exists and is unique given that the distribution of rewards is log concave. Committee members set a lower acceptance threshold than do...
Persistent link: https://www.econbiz.de/10005396430
A set of voters consults experts before voting over two alternatives. Experts observe private signals about the values … of the alternatives and can reveal their information or conceal it, but cannot lie. We examine how disclosure and voting … vary with preference biases, signal precision, and the voting rule. Unanimity rule can lead to greater information …
Persistent link: https://www.econbiz.de/10010616897
candidates and when voters may express indifference, every voting rule satisfying Condorcet's principle must generate both of …
Persistent link: https://www.econbiz.de/10011109893
I analyze a costly voting model of elections, in which the incumbent can stuff the ballot box, to investigate how … electoral fraud affects the participation decisions of voters. I find that two stable equilibria may exist: first, a full … positive externality they produce on other voters when deciding to cast their votes, participation in coordination equilibrium …
Persistent link: https://www.econbiz.de/10010842888
We analyze costly information acquisition and information revelation in groups in a dynamic setting. Even when group members have perfectly aligned interests the group may inefficiently delay decisions. When deadlines are far away, uninformed group members freeride on each others' efforts to...
Persistent link: https://www.econbiz.de/10009246605
, under the hypothesis of majority voting. …
Persistent link: https://www.econbiz.de/10005509836
Persistent link: https://www.econbiz.de/10005478453
a redistributive effect). With self-interested voting, low benefits may so reduce the probability of receiving benefits …
Persistent link: https://www.econbiz.de/10005424059
A desirable property of a voting procedure is that it be immune to the strategic withdrawal of a cadidate for election … condition is incompatible with some other desirable properties of voting procedures. This article shows that Grether and Plott …
Persistent link: https://www.econbiz.de/10005459264
weights as an imaginary voter submitting preferences over alternatives in the form of an ordered list. With this voting …
Persistent link: https://www.econbiz.de/10011107625