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for information aggregation ensure that individuals behave as if they were engaging in informative voting over the level … of public good provision. It is shown that the use of information by an optimal provision rule is inversely related to …
Persistent link: https://www.econbiz.de/10010374864
not have perfect control over information flows. Rather, information seeking can be affected by changing the information … default as well as the price of information. The default is one either with or without information about others' contributions …, and having information comes with a positive, zero or negative financial incentive. When information comes without a …
Persistent link: https://www.econbiz.de/10012152475
Under appropriate assumptions (private values and uniform punishments), the Nash equilibria of a Bayesian repeated game without discounting are payoff-equivalent to tractable, completely revealing, equilibria and can be achieved as interim cooperative solutions of the initial Bayesian game. This...
Persistent link: https://www.econbiz.de/10010256693
benefits only if they aggregate their private information. Some members of the society, however, are harmed by socially … desirable policies and aim at manipulating information aggregation by misrepresenting their private information. We show that … information can be aggregated and a socially desirable policy can be implemented under a new class of democratic mechanisms …
Persistent link: https://www.econbiz.de/10011444451
Persistent link: https://www.econbiz.de/10010234264
benefits only if they aggregate their private information. Some members of the society, however, are harmed by socially … desirable policies and aim at manipulating information aggregation by misrepresenting their private information. We show that … information can be aggregated and a socially desirable policy can be implemented under a new class of democratic mechanisms …
Persistent link: https://www.econbiz.de/10012994342
The effects of (private, small-scale) copying on the pricing behavior of producers of information goods are studied …
Persistent link: https://www.econbiz.de/10014108167
Persistent link: https://www.econbiz.de/10015185088
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Persistent link: https://www.econbiz.de/10009720361