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Majority rule or delegation? A normal noise case

Article ID Journal Published Year Pages File Type
5062015 Economics Letters 2008 4 Pages PDF
Abstract
We analyze an election with costly information acquisition. We compare the outcome of a large election and that of a delegation. We show that the superiority between the two mechanisms is determined by the shape of the marginal cost function.
Keywords
D72D82Condorcet jury theoremCostly information acquisitionInformation aggregation
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Majority rule or delegation? A normal noise case
Authors
Minoru Kitahara, Yohei Sekiguchi,
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Journal
Economics Letters
Journal: Economics Letters
Related Categories
D72
D82
Condorcet jury theorem
Costly information acquisition
Information aggregation
Economics and Econometrics
Economics, Econometrics and Finance (General)
Finance
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