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Sequential Aggregation of Verifiable Information

Hahn, Volker - 2010

career concerns. We show that self-censorship may hamper the efficiency of information aggregation, as experts withhold …

Persistent link: https://www.econbiz.de/10014195375

Sequential Aggregation of Verifiable Information

Hahn, Volker - 2010

career concerns. We show that self-censorship may hamper the efficiency of information aggregation, as experts withhold …

Persistent link: https://www.econbiz.de/10014190808

Robust information aggregation through voting

Midjord, Rune; Rodríguez Barraquer, Tomás; Valasek, Justin - 2019

Numerous theoretical studies have shown that information aggregation through voting is fragile. We consider a model of … information aggregation with vote-contingent payoffs and generically characterize voting behavior in large committees. We use this … and unique information aggregation can be achieved with vote-contingent payoffs whose size varies depending on which …

Persistent link: https://www.econbiz.de/10012029166

Information aggregation and adverse selection

Boukouras, Aristotelis; Koufopoulos, Kostas - 2011 - This Version: 07 December 2010, First Version: 24 July 2007

understanding the power of information aggregation in alleviating incentive constraints and is particularly pertinent to games with …

Persistent link: https://www.econbiz.de/10010345986

A rationale for unanimity in committees

Breitmoser, Yves; Valasek, Justin - 2017

information aggregation. Despite this, unanimity is frequently used in committees making decisions on behalf of society. This …, unanimity can facilitate truthful communication and optimal information aggregation. Theoretically, we show that since agents …

Persistent link: https://www.econbiz.de/10011696383

Group decision-making in the shadow of disagreement

Eliaz, Kfir; Ray, Debraj; Razin, Ronny - 2004

Persistent link: https://www.econbiz.de/10002343551

Comparing Certification and Self-Regulation

Mysliveček, Jan - 2009

I compare certification and self-regulation, two widely used quality assurance mechanisms in markets where consumers do not observe the quality of goods. Certification is a mechanism in which an external firm offers a certificate to producers who undergo a testing procedure, issues the...

Persistent link: https://www.econbiz.de/10014203148

Efficient Allocations in Economies with Asymmetric Information When the Realized Frequency of Types Is Common Knowledge

Boukouras, Aristotelis - 2016

We consider a general economy, where agents have private information about their types. Types can be multi-dimensional and potentially interdependent. We show that, if the realized frequency of types (the exact number of agents for each type) is common knowledge, then a mechanism exists, which...

Persistent link: https://www.econbiz.de/10013007361

How Better Information Can Reduce the Credibility of Experts' Advice

Elliott, Matthew - 2019

Two experts make yes/no predictions about whether an event, such as an economic crisis, will occur. They receive private signals about the likelihood of the event that are much more informative than the coarse recommendations they can ultimately convey. The experts may care about both absolute...

Persistent link: https://www.econbiz.de/10012905993

Group Decision-Making in the Shadow of Disagreement

Ray, Debraj; Eliaz, Kfir; Razin, Ronny - 2004

A model of group decision-making is studied, in which one of two alternatives must be chosen. While group members differ in their valuations of the alternatives, everybody prefers some alternative to disagreement. Our model is distinguished by three features: private information regarding...

Persistent link: https://www.econbiz.de/10014029222