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Information production by shareholders is of fundamental importance for the efficiency of proxy voting. We propose a …
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aggregate information when the population is large, in any equilibrium. Here, we study the performance of large elections with … information is not aggregated. The main driving force is that, everything else equal, voters are more likely to be pivotal if the …
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Intro -- Title -- Contents -- Preface to the Second Edition -- 1 Equilibrium, Efficiency, and Asymmetric Information …
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We study a model of collective decision making with endogenous information collection. Agents collect information about … associated with collecting information …
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We investigate the implications of relaxing Arrow's independence of irrelevant alternatives axiom while retaining transitivity and the Pareto condition. Even a small relaxation opens a floodgate of possibilities for nondictatorial and efficient social choice
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