Showing 1 - 10 of 5,351
Persistent link: https://www.econbiz.de/10009723151
Persistent link: https://www.econbiz.de/10010419881
Persistent link: https://www.econbiz.de/10010411920
Persistent link: https://www.econbiz.de/10010393541
Persistent link: https://www.econbiz.de/10014507572
We study the effect of public information on collective decision-making in a committee with members of both common and conflicting interests. We show that the set of preferences that allow for the existence of an informative voting equilibrium can be heavily restricted by the presence of a...
Persistent link: https://www.econbiz.de/10010512059
Persistent link: https://www.econbiz.de/10011654656
We study the effect of public information on collective decision-making in committees, where members can have both common and conflicting interests. In the presence of public information, the simple and efficient vote-your-signal strategy profile no longer constitutes an equilibrium under the...
Persistent link: https://www.econbiz.de/10011729095
This paper aims at discovering the decision rule the Governing Council of the ECB uses to set interest rates. We construct a Taylor rule for each member of the council and for the euro area as a whole, and aggregate the interest rates they produce using several classes of decision-making...
Persistent link: https://www.econbiz.de/10009295661
We study voting over education subsidies where poor individuals may be excluded and the rich may chose private alternatives. With plausible changes of the standard game we show that this problem typically has multiple equilibria; one with low taxes, many excluded, and many in private schooling;...
Persistent link: https://www.econbiz.de/10003429933