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We generalize the canonical problem of Nash implementation by allowing agents to voluntarily provide discriminatory signals, i.e. evidence. Evidence can either take the form of hard information or, more generally, have differential but non-prohibitive costs in different states. In such...
Persistent link: https://www.econbiz.de/10011690726
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...
Persistent link: https://www.econbiz.de/10014187116
We study all-pay auctions where each player observes her private value as well as a noisy private signal about the opponent’s value, following Fang and Morris’s (J Econ Theory 126(1):1–30, 2006) analysis of winner-pay auctions with multidimensional private signals. A unique symmetric...
Persistent link: https://www.econbiz.de/10013235168
With the changing economic circumstances confronting their countries, regionally concentrated minorities have been facing a strategic problem, important aspects of which can be stylized as a situation in which a minority leader is uncertain about the costs of secession for her community. This...
Persistent link: https://www.econbiz.de/10008699712
This paper considers a model in which an activist or terrorist uses violence to signal commitment to a political agenda. We examine how this violent signaling may be countered and reduced by the use of information-gathering mechanisms. Signaling through violent activism does not necessarily...
Persistent link: https://www.econbiz.de/10014118712
Permit markets are celebrated as a policy instrument since they allow (i) firms to equalize marginal costs through trade and (ii) the regulator to distribute the burden in a politically desirable way. These two concerns, however, may conflict in a dynamic setting. Anticipating the regulator's...
Persistent link: https://www.econbiz.de/10014224331
Governments will often look to publicly signal their efforts to tackle issues of concern as a way of garnering political support. Combining data on the public disclosure of anti-corruption efforts and individual well-being in China, we show that such signals may increase the salience of the...
Persistent link: https://www.econbiz.de/10013440309
It is a persistent phenomenon in many societies that a large proportion of alcohol consumption takes place in company of other people. While the phenomenon of social or public drinking is well discussed in disciplines as social psychology and anthropology, economists have paid little attention...
Persistent link: https://www.econbiz.de/10009375457
We develop a new experiment to study the emergence of welfare-reducing bilateral alliances within larger groups, and the effectiveness of institutional interventions to curtail this reciprocal alliance behaviour. In each of the 25 rounds of our experiments, a player (the 'allocator') nominates...
Persistent link: https://www.econbiz.de/10010513328
We study committees that acquire information, deliberate and vote. A member cares about state-dependent decision payoffs and about his reputation for expertise. The state remains unobserved, even after the decision has been taken. In such inconclusive environments, in equilibrium, a member's...
Persistent link: https://www.econbiz.de/10012898263