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types of biases: project bias, favoring the agent's project, or pandering bias, favoring the project preferred by the DM …
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In this paper we study the functioning of representative democracy when politicians are better informed than the electorate about conditions relevant for policy choice. We consider a model with two states of the world. The distribution of voters preferred policies shifts with the state. The two...
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population of rational citizens. The analysis identifies a novel mechanism of media bias: the bias in a media outlet's news …
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