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We study a Condorcet jury model where voters are driven both by passion (expressive motives) and by reason (instrumental motives). We show that arbitrarily small amounts of passion significantly affect equilibrium behavior and the optimal size of voting bodies. Increasing the size of voting...
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We show that too much meritocracy, modeled as accuracy of performance ranking incontests, can be a bad thing: in contests with homogeneous agents, it reduces output and isPareto inefficient. In contests with sufficiently heterogeneous agents, discouragement andcomplacency effects further reduce...
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We study career choice when competition for promotion is a contest. A more meritocratic profession always succeeds in attracting the highest ability types, whereas a profession with superior promotion benefits attracts high types only if the hazard rate of the noise in performance evaluation is...
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