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Household Decisions and Equilibrium Efficiency

โœ Scribed by Hans Haller


Book ID
108563756
Publisher
John Wiley and Sons
Year
2000
Tongue
English
Weight
115 KB
Volume
41
Category
Article
ISSN
0020-6598

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Information efficiency and majority deci
โœ Hans Gersbach ๐Ÿ“‚ Article ๐Ÿ“… 1995 ๐Ÿ› Springer ๐ŸŒ English โš– 491 KB

The analysis is concerned with the characterization of equilibria of a two-stage voting game involving private information acquisition. Rational ignorance and information efficiency are identified. It turns out that information efficiency is not always desirable. By restricting the payoff domain, we