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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Erasmus University R...arrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
EconStor
Research . 2002
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Delegation or voting

Authors: Otto H. Swank; Bauke Visser;

Delegation or voting

Abstract

Collective decision procedures should balance the incentives they provide toacquire information and their capacity to aggregate private information. In a decisionproblem in which a project can be accepted or rejected once information about its qualityhas been acquired or not, we compare the performance of a delegation structure with that oftwo voting procedures. Delegation makes one's acceptance decision pivotal by definition.The decisiveness of one's vote in a voting procedure depends on the other agent's vote.This in turn determines the decision to acquire information. In the debate about a rationalchoice foundation of Condorcet's Jury Theorem, the distribution of information was leftexogenous. Mixed (acceptance) strategies were required to validate the Theorem.Endogenizing information acquisition as we do reveals mixed (acceptance) strategies to bedetrimental for welfare as they lead to indifference between buying and not buyinginformation.

Country
Netherlands
Keywords

ddc:330, Jury theorem, Abstimmungsregel, EUR ESE 02, Voting; Jury theorem; Information; Effort, Neue politische Ökonomie, D72, Information, Effort, Voting, Theorie, jel: jel:D72

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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