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In this article I analyze a model of interest group influence on legislative voting through information transmission. The model shows how interest groups may manipulate voting coalitions to their advantage by crafting different messages to target different winning coalitions. Furthermore, if...
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to dynamically consistent behavior. Furthermore, we give an example which shows that ambiguity can introduce new …
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This paper studies implementation in settings where agents take strategic actions that influence preferences. We show that such settings can arise in entry auctions for markets, and that the Vickery-Clarke-Groves Mechanism is not guaranteed to be truthful because of strategic actions. We thus...
Persistent link: https://www.econbiz.de/10014106692
The opportunity to tell a white lie (i.e., a lie that benefits another person) generates a moral conflict between two opposite moral dictates, one pushing towards telling always the truth and the other pushing towards helping others. Here we study how people resolve this moral conflict. What...
Persistent link: https://www.econbiz.de/10014135119
I examine a setting, where an information sender conducts research into a payoff-relevant state variable, and releases information to agents, who consider joining a coalition. The agents' actions can cause harm by contributing to a public bad. The sender, who has commitment power, by designing...
Persistent link: https://www.econbiz.de/10012954130
This paper experimentally investigates trust and trustworthiness in a repeated and sequential three-player trust game with probabilistic returns and information asymmetry. It adds to the existing literature by combining experimental features from recent work in the trust game. We use random...
Persistent link: https://www.econbiz.de/10012956127
The problem of optimally designing information for multiple agents who interact in a game can be formulated as a linear program. We explore its dual representation and show that it provides a novel perspective and new economic insights into the information-design problem. Through the lens of the...
Persistent link: https://www.econbiz.de/10012906905
This paper presents a model in which fund managers choose between active management and passive management when investors cannot directly observe managers' efforts and skills. In an equilibrium skilled managers actively manage their funds only when skills can add a large value in active...
Persistent link: https://www.econbiz.de/10013135435