Economists usually think that rational voters have little incentives to acquire costly information. We present a … information if media technology is available because then they do not condition their informational decisions on being pivotal …-ride. Further, we show how the quality of information depends on the size of the electorate, the prior knowledge of voters and on …

No voters cast their votes based on perfect information, but better educated and richer voters are on average better … strong correlation between income and political information, Congress representatives vote more conservatively, which is also … in line with our theory. …

No voters cast their votes based on perfect information, but better educated and richer voters are on average better … strong correlation between income and political information, Congress representatives vote more conservatively, which is also … in line with our theory. …

biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to … affect how people picture the future. This paper studies the role of public information dissemination, or publicity, in a …

We relax the standard assumption in the strategic trade policy literature that governments possess complete information … about the economy. Assuming instead that governments must obtain information from firms, we examine firms' incentive to … disclose information to the governments in the Brander-Spencer setting. With quantity competition, we find firms disclosing …

observed. We find that an information chain, in which each agent directly observes only the decision of her immediate …. In a comparable social dilemma, the information chain leads to high cooperation both when compared to a non …-transparent protocol for early movers, and when compared to a fully-transparent protocol for late movers. we conclude that information …

the true state (of the world) of given cases. The investigation of assessment criteria improves the initial information … analyzed within the framework of statistical decision theory, in which prior probability distributions of classes of cases are … updated, allowing for a sorting of particular cases into ever smaller subclasses. However, receiving such information causes …

problem, we introduce a triple mechanism involving political information markets, reelection threshold contracts, and … democratic elections. An information market is used to predict the long-term performance of a policy, while threshold contracts … stipulate a price level on the political information market that a politician must reach to have the right to stand for …

This paper experimentally investigates the impact of different pay and relative performance information policies on … employee effort. We explore three information policies: No feedback about relative performance, feedback given halfway through … off. Moreover, in both pay schemes information feedback reduces the quality of the low performers' work. …