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Aggregating Information by Voting: The Wisdom of the Experts versus the Wisdom of the Masses

Joseph C. McMurray.

in The Review of Economic Studies

January 2013; p ublished online June 2012 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Analysis of Collective Decision-making. 16881 words.

This article analyzes participation and information aggregation in a common-value election with continuous private signals. In equilibrium, some citizens ignore their private information...

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Allies and Adversaries: Appointees and Policymaking Under Separation of Powers

Patrick L. Warren.

in The Journal of Law, Economics, and Organization

August 2012; p ublished online November 2010 .

Journal Article. Subjects: Public Economics; Analysis of Collective Decision-making. 16422 words.

Public sector agencies are an important front in the day-to-day battle for political supremacy between the executive and the legislature. The executive's key agents in this conflict are his...

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Are food safety standards different from other food standards? A political economy perspective

Johan F.M. Swinnen and Thijs Vandemoortele.

in European Review of Agricultural Economics

December 2009; p ublished online December 2009 .

Journal Article. Subjects: Regulation and Industrial Policy; Economics of Health; Analysis of Collective Decision-making. 6758 words.

This paper uses a political economy model which integrates risk to analyse whether the nature of public food standards [food safety standards, food quality standards, and social and...

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Arms Races and Negotiations

Sandeep Baliga and Tomas Sjöström.

in The Review of Economic Studies

April 2004; p ublished online April 2004 .

Journal Article. Subjects: Game Theory and Bargaining Theory; National Government Expenditures and Related Policies; Analysis of Collective Decision-making. 11574 words.

Two players simultaneously decide whether or not to acquire new weapons in an arms race game. Each player's type determines his propensity to arm. Types are private information, and are...

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Attack, Defence, and Contagion in Networks

Sanjeev Goyal and Adrien Vigier.

in The Review of Economic Studies

October 2014; p ublished online July 2014 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Analysis of Collective Decision-making. 12370 words.

Connections between individuals facilitate the exchange of goods, resources, and information and create benefits. These connections may be exploited by adversaries to spread their attacks...

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Ballot Position, Choice Fatigue, and Voter Behaviour

Ned Augenblick and Scott Nicholson.

in The Review of Economic Studies

April 2016; p ublished online December 2015 .

Journal Article. Subjects: Microeconomics; Analysis of Collective Decision-making. 12317 words.

In this article, we examine the effect of “choice fatigue” on decision making. We exploit a natural experiment in which voters face the same contest at different ballot positions due to...

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Bandwagons and Momentum in Sequential Voting

Steven Callander.

in The Review of Economic Studies

July 2007; p ublished online July 2007 .

Journal Article. Subjects: Analysis of Collective Decision-making. 17350 words.

In this paper I show that an equilibrium exists to the sequential voting game in which a bandwagon begins with probability 1. These bandwagons are driven by a combination of beliefs and the...

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Bargaining in Standing Committees with an Endogenous Default

Vincent Anesi and Daniel J. Seidmann.

in The Review of Economic Studies

July 2015; p ublished online March 2015 .

Journal Article. Subjects: Game Theory and Bargaining Theory; Analysis of Collective Decision-making. 23652 words.

Committee voting has mostly been investigated from the perspective of the standard Baron–Ferejohn model of bargaining over the division of a pie, in which bargaining ends as soon as the...

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Beliefs, Politics, and Environmental Policy

Antony Millner and Hélène Ollivier.

in Review of Environmental Economics and Policy

July 2016; p ublished online August 2016 .

Journal Article. Subjects: Analysis of Collective Decision-making; Information, Knowledge, and Uncertainy; Other Economic Systems; Environmental Economics. 9711 words.

Experts and the general public often perceive environmental problems differently. Moreover, regulatory responses to environmental issues often do not coincide with consensus expert...

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Buying Shares and/or Votes for Corporate Control

Eddie Dekel and Asher Wolinsky.

in The Review of Economic Studies

January 2012; p ublished online November 2011 .

Journal Article. Subjects: Game Theory and Bargaining Theory; Mergers and Acquisitions; Analysis of Collective Decision-making. 16933 words.

We explore how allowing votes to be traded separately of shares may affect the efficiency of corporate control contests. Our basic set-up and the nature of the questions continue the work...

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