Cover Image

Majority rule or delegation? A normal noise case

We analyze an election with costly information acquisition. We compare the outcome of a large election and that of a delegation. We show that the superiority between the two mechanisms is determined by the shape of the marginal cost function.
Year of publication:
2008
Authors: Kitahara, Minoru ; Sekiguchi, Yohei
Published in:
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 99.2008, 1, p. 36-39
Publisher: Elsevier
Type of publication: Article
Source:
Persistent link: https://www.econbiz.de/10005297151
Similar items by person