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Using a laboratory experiment, we study the incentives of individuals to contribute to a public good that is provided if and only if the fraction of contributors reaches a certain threshold. We jointly vary the size of the group, the cost of contributing, the required threshold, and the framing...
Persistent link: https://www.econbiz.de/10014357124
Using a laboratory experiment, we study the incentives of individuals to contribute to a public good that is provided if and only if the fraction of contributors reaches a certain threshold. We jointly vary the size of the group, the cost of contributing, the required threshold, and the framing...
Persistent link: https://www.econbiz.de/10014357386
How do voting institutions affect incentives of committees to vote expressively? We model the problem of a committee, whose members have different depths of reasoning, that decides whether to approve an ethical proposal. Members who vote for the proposal receive expressive utility, but all...
Persistent link: https://www.econbiz.de/10012843319
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A committee chooses whether to approve a proposal that some members may consider ethical. Members who vote for the proposal receive expressive utility, and all pay a cost if the proposal is accepted. Committee members have different depths of reasoning. The model predicts that features that...
Persistent link: https://www.econbiz.de/10014095232
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In this paper, we study collective information acquisition in groups that make decisions using majority rule. We argue both theoretically and experimentally that the median voter theorem does not apply; in general, the level of information acquired by the group is not equal to the level of...
Persistent link: https://www.econbiz.de/10014243171