Showing 1 - 10 of 587
Persistent link: https://www.econbiz.de/10009722659
This paper studies the effect of social learning on political outcomes in a model of informative campaign advertising. We find that communication networks among voters have important effects on parties' incentives to disclose political information, on voters' learning about candidates running...
Persistent link: https://www.econbiz.de/10012712903
A committee divided into two factions is considering a costly project. Support of both factions is required for the project to be approved. As long as the decision is delayed, the committee can learn which faction benefits from the project. At the equilibrium, one of the factions effectively...
Persistent link: https://www.econbiz.de/10013238586
When different stages of the evaluation of a multi-attribute project rest with conflicting economic actors, which attributes are selectively explored and why? We provide a model of attribute sampling in which correlation across attributes is flexibly modeled through Gaussian processes. In the...
Persistent link: https://www.econbiz.de/10012847347
The FDA is responsible for the approval of new drugs, biological products and medical devices in the United States. As part of the approval process, the FDA relies on advisory committees, which provide independent advice from outside experts. We combine a structural approach with newly collected...
Persistent link: https://www.econbiz.de/10015056111
We consider a two period model in which an incumbent political party chooses the level of a current policy variable unilaterally, but faces competition from a political opponent in the future. Both parties care about voters' payoffs, but they have different beliefs about how policy choices will...
Persistent link: https://www.econbiz.de/10010791257
We consider a two period model in which an incumbent political party chooses the level of a current policy variable unilaterally, but faces competition from a political opponent in the future. Both parties care about voters' payoffs, but they have different beliefs about how policy choices will...
Persistent link: https://www.econbiz.de/10011117645
We consider a median voter model with uncertainty about how the economy functions. The distribution of income is exogenously given and the provision of a public good is financed through a proportional tax. Voters and politicians do not know the true production function for the public good, but...
Persistent link: https://www.econbiz.de/10005515649
We study how friendship shapes students' political opinions in a natural experiment. We use the indicator whether two students were exogenously assigned to a short-term "integration group", unrelated to scholar activities and dissolved before the school year, as instrumental variable for their...
Persistent link: https://www.econbiz.de/10012145519
The purpose of this paper is to identify learning in games in experimental economic settings, and apply their results to real multilateral trade negotiations, such as the Doha Development Agenda (DDA) in the World Trade Organizations (WTO). This paper argues that the structure of games including...
Persistent link: https://www.econbiz.de/10011572871