We study voting over higher education finance in an economy with risk averse households who are heterogeneous in income …

We study voting over higher education finance in an economy with two regions and two separated labor markets … subsidize higher education costs or whether to rely on tuition fees only. We find that in equilibrium, in both regions a … opt for full tuition finance. Interestingly, the higher the return probability, the smaller are the equilibrium subsidy …

heterogeneous agents. These predict varying degrees of strategic communication. We use a 2 x 2 design varying the information …

on whether media have commitment power; if not, they can worsen information transmission and voter welfare. …

theoretical model that explains the observed tendency of growing fraud. Specifically, in a probabilistic voting model of electoral …

that matches the true state and have homogeneous preferences, but are heterogeneous in their voting weights. Given a weight … theory and interpret the voting problem as a simple game to analyze optimal communication for various voting situations …

classical Condorcet jury model by introducing a new informational structure that captures consistency of information. In … contrast to the impossibility result shown by Coughlan (2000) for the classical model, full pooling of information followed by … sincere voting is an equilibrium outcome of our model for a large set of parameter values implying the possibility of ex post …

private information truthfully before voting takes place. Depending on the distance between two feasible public good levels … benefits only if they aggregate their private information. Some members of the society, however, are harmed by socially … desirable policies and aim at manipulating information aggregation by misrepresenting their private information. We show that …

Collective decision procedures should balance the incentives they provide toacquire information and their capacity to … aggregate private information. In a decisionproblem in which a project can be accepted or rejected once information about its … qualityhas been acquired or not, we compare the performance of a delegation structure with that oftwo voting procedures …