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We consider a persuasion game where multiple experts with potentially conflicting self-interests attempt to persuade a decision-maker, or, a judge. The judge prefers to take an action that is most appropriate given the true state of the world but the experts' preferences over the actions (i.e.,...
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If voter preferences depend on a noisy state variable, under what conditions do large elections deliver outcomes quot;as ifquot; the state were common knowledge? While the existing literature models elections using the jury metaphor where a change in information regarding the state induces...
Persistent link: https://www.econbiz.de/10012727025
We use The Patents (Amendment) Act, 2002 in India as a quasi-natural experiment to identify the causal effect of higher incentives for innovation on a firm's compensation structure. We find that stronger intellectual property (IP) protection has a sharper impact on the demand for managerial...
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We introduce voter uncertainty to the unidimensional spatial model of elections. Strategic voters choose between the status quo and a proposed reform, and there is uncertainty about the location of the reform on the policy space. If each possible location of the reform is on the same side of the...
Persistent link: https://www.econbiz.de/10012911569
We study the problem of aggregating private information in elections with two or more alternatives. We characterize environments where information can be aggregated asymptotically by a sequence of equilibria of voting games as the electorate grows large and explore the implications for the...
Persistent link: https://www.econbiz.de/10012852242
While many theories of the firm seek to explain when firms make rather than buy, in practice firms often make and buy the same input- they engage in plural sourcing. We argue that explaining the mix of external procurement and internal sourcing for the same input requires moving away from...
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