We present a simple model of elections in which experts with special interests endorse candidates and endorsements are observed by the voters. We show that the equilibrium election outcome is biased towards the experts' interests even though voters know the distribution of expert interests and...

It is often claimed that the participation of Civil Society Organizations (CSOs) can mitigate the democratic deficit of the European Union. This claim rests on the assumption that civil society organizations channel citizens' concerns to the European institutions, a view which is also shared by...

Credence goods markets suffer from inefficiencies arising from informational asymmetries between expert sellers and customers. While standard theory predicts that inefficiencies disappear if customers can verify the quality received, verifiability fails to yield efficiency in experiments with...