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We study a model of collective decision making with endogenous information collection.Agents collect information about … decision is made. The reason for this result is that communicationmay aggravate the free-rider problem associated with …
Persistent link: https://www.econbiz.de/10011325966
We study a model of collective decision making with endogenous information collection. Agents collect information about … that a correct decision is made. The reason for this result is that communication may aggravate the free-rider problem …
Persistent link: https://www.econbiz.de/10014067953
We report on an experiment that tests for the effects of democratic versus hierarchical rules for joint decision making … decision, which we call the attention responsibility effect …
Persistent link: https://www.econbiz.de/10013019236
externalities. Samuelson (1954) laid out the conditions for optimal pure public goods provision, but noted that free-riding (the …, government intervention is unnecessary. Under the conditions underlying the Coase Theorem, externalities would be self … to the controversy here by describing a previously unexplored relationship between externalities, public goods, and …
Persistent link: https://www.econbiz.de/10012962737
process has an high probability to reach a final decision. We also better qualify the degree of manipulability of such a final … decision, showing that it is independent not only from the agenda, but also from the initial condition. Therefore we show that …
Persistent link: https://www.econbiz.de/10009565190
The main criticism to the aggregation of individual preferences under majority rules refers to the possibility of reaching inconsistent collective decisions from the election process. In these cases, the collective preference includes cycles and even could prevent the election of any alternative...
Persistent link: https://www.econbiz.de/10013059054
quantity of resources. Afterwards, one of the proposals is chosen by majority decision. If no proposal obtains a majority, a …
Persistent link: https://www.econbiz.de/10013317275
measure religious organizations power to shape human decision making. We employ an objective measure of voters commitment to …
Persistent link: https://www.econbiz.de/10010487277
We analyse a principal-agent relationship in the context of international climate policy. Principals in two countries first decide whether to merge domestic emission permit markets to an international market, then delegate the domestic permit supply to an agent. We find that principals select...
Persistent link: https://www.econbiz.de/10011663529
We examine whether and to what extent political institutions explain different performances in income redistribution across countries. In particular, we first review available sources of data and measures of income redistribution, discussing the pros and cons of each one. Second, we outline a...
Persistent link: https://www.econbiz.de/10011549384