کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
957641 928542 2009 33 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Optimal voting schemes with costly information acquisition
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Optimal voting schemes with costly information acquisition
چکیده انگلیسی
We next characterize the ex-ante optimal scheme among all ex-post efficient mechanisms. In this mechanism, a decision is made when the precision of the posterior exceeds a cut-off that decreases with each additional report. The restriction to ex-post efficiency is shown to be without loss when the available signals are sufficiently imprecise. On the other hand, ex-post efficient mechanisms are shown to be suboptimal when the cost of information acquisition is sufficiently small.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 144, Issue 1, January 2009, Pages 36-68
نویسندگان
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