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The paper presents a positive model of communication in federal legislatures to study the incentives of members to engage in a meaningful exchange of information, and how this shapes policy outcomes. Depending on the type of policy under consideration, communication between delegates generally...
Persistent link: https://www.econbiz.de/10008554245
This paper provides an explanation for why political leaders may want to adopt ideological positions and maintain them over time even in the face of conflicting evidence. We study a dynamic framework in which politicians are better informed than the voting public about an underlying state of...
Persistent link: https://www.econbiz.de/10008468503
The paper studies the relative merits of direct and representative legislation in a setting where voters are uncertain both with respect to the likely consequences of different policies and with respect to the political preferences of their fellow citizens. Under representative legislation, the...
Persistent link: https://www.econbiz.de/10005067918
This article provides a new perspective on the information structure of an agent in a standard model of adverse selection. Before the contracting takes place, the agent has the opportunity to gather (private) information on a relevant parameter that affects final payoffs. I allow for the...
Persistent link: https://www.econbiz.de/10005732296
The paper investigates an alternating-offers bargaining game between a buyer and a seller who face several trading opportunities. These items (goods or services) differ in their non-verifiable quality characteristics which gives rise to a moral hazard problem on the seller's part. For the...
Persistent link: https://www.econbiz.de/10005753331
Much debate concerning property rights reserves in Canada focuses on socio-economic impacts and the potential for individualized land tenure to support economic development, thereby reducing poverty. Study of existing forms of individual property on reserves is needed to inform these debates. In...
Persistent link: https://www.econbiz.de/10010661262