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cases and decide on the basis of the information so gathered? I call the former the inquisitorial procedure in arbitration … increasing marginal returns to improvements in the information of an interested party. There are no analogous increasing returns … to the arbitrator’s information under the inquisitorial procedure. …
Persistent link: https://www.econbiz.de/10005504638
parties? Democratic theory assumes that offering more information to voters will enhance electoral accountability. However, if …Does information about rampant political corruption increase electoral participation and the support for challenger … increased support for challengers and higher political participation. We provide experimental evidence that information about …
Persistent link: https://www.econbiz.de/10011084114
-Coate (1997)) to an asymmetric information setting, in which the type of a given individual is assumed to be private information … for a number of (potential) candidates at most equal to three. This is in sharp contrast with the complete information …
Persistent link: https://www.econbiz.de/10005114186
information about their ability to exert influence. We find a new informational effect in the political game under centralized …, centralization reduces capture, and is more likely to be welfare enhancing in the presence of information asymmetries. Then, we apply …
Persistent link: https://www.econbiz.de/10011083471
-specific efficiencies. This enables the firms to influence the merger control procedure by strategically revealing their information to an … antitrust authority. Although the information improves upon the quality of the authority’s decision, the influence activities … may be detrimental to welfare if information processing/gathering is excessively costly. Whether this is the case depends …
Persistent link: https://www.econbiz.de/10005067524
We introduce tax contracts and examine how they affect government formation and welfare of voters in a democracy with proportional elections. A tax contract specifies a range of tax rates a party is committed to if in government. We develop a new model of party competition in which parties...
Persistent link: https://www.econbiz.de/10005504289
In this Paper I analyse how careerist judges formulate their decisions using information they uncover during … deliberations, as well as relevant information from previous decisions. I assume that judges have reputation concerns and try to …
Persistent link: https://www.econbiz.de/10005504635
Majority rules are frequently used to decide whether or not a public good should be provided, but will typically fail to achieve an efficient provision. We provide a worst-case analysis of the majority rule with an optimally chosen majority threshold, assuming that voters have independent...
Persistent link: https://www.econbiz.de/10005497826
legislative bodies also helps the voters, in two distinct ways. First, it can elicit information held by the appointed officials …
Persistent link: https://www.econbiz.de/10005498040
Much literature on political behavior treats politicians as motivated by reelection, choosing actions to signal their types to voters. We identify two novel implications of models in which signalling incentives are important. First, because incumbents only care about clearing a reelection...
Persistent link: https://www.econbiz.de/10011083735