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Author Info

  • Raphael Boleslavsky

    (Department of Economics, University of Miami)

  • Christopher Cotton

    (Department of Economics, University of Miami)

Abstract

Self-interested agents (e.g., interest groups, researchers) produce verifiable evidence in an attempt to convince a principal (e.g., legislator, funding organization) to act on their behalf (e.g., introduce legislation, fund research). Agents provide less informative evidence than the principal prefers since doing so maximizes the probability the principal acts in their favor. If the principal faces budget or other constraints that limit the number of agents whose proposals she can support, then agents produce more-accurate evidence as they compete for priority. Under reasonable conditions, the principal is better off when her capacity to act is limited.

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File URL: http://bus.miami.edu/_assets/files/WP2012-1.pdf
File Function: First version, 2011
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Bibliographic Info

Paper provided by University of Miami, Department of Economics in its series Working Papers with number 2012-1.

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Length: 54 pages
Date of creation: 11 Oct 2011
Date of revision:
Publication status: Forthcoming: Under Review
Handle: RePEc:mia:wpaper:2012-1

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Web page: http://www.bus.miami.edu/faculty-and-research/academic-departments/economics/index.html
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Related research

Keywords: strategic search; evidence production; persuasion; lobbying;

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References

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  1. Yeon-Koo Che & Navin Kartik, 2009. "Opinions as Incentives," Journal of Political Economy, University of Chicago Press, vol. 117(5), pages 815-860, October.
  2. Emeric Henry, 2009. "Disclosure of research results: the cost of proving your honesty," Sciences Po publications info:hdl:2441/eu4vqp9ompq, Sciences Po.
  3. Paul R. Milgrom, 1981. "Good News and Bad News: Representation Theorems and Applications," Bell Journal of Economics, The RAND Corporation, vol. 12(2), pages 380-391, Autumn.
  4. Emir Kamenica & Matthew Gentzkow, 2009. "Bayesian Persuasion," NajEcon Working Paper Reviews 814577000000000369, www.najecon.org.
  5. Paul Milgrom & John Roberts, 1986. "Relying on the Information of Interested Parties," RAND Journal of Economics, The RAND Corporation, vol. 17(1), pages 18-32, Spring.
  6. Liad Wagman & Vincent Conitzer, 2012. "Choosing fair lotteries to defeat the competition," International Journal of Game Theory, Springer, vol. 41(1), pages 91-129, February.
  7. Christopher Cotton, 2008. "Should We Tax or Cap Political Contributions? A Lobbying Model with Policy Favors and Access," Working Papers 0901, University of Miami, Department of Economics.
  8. Bull, Jesse & Watson, Joel, 2004. "Evidence disclosure and verifiability," Journal of Economic Theory, Elsevier, vol. 118(1), pages 1-31, September.
  9. repec:spo:wpecon:info:hdl:2441/eu4vqp9ompqllr09iatr74eao is not listed on IDEAS
  10. Emeric Henry, 2009. "Strategic Disclosure of Research Results: The Cost of Proving Your Honesty," Economic Journal, Royal Economic Society, vol. 119(539), pages 1036-1064, 07.
  11. Matthew Gentzkow & Emir Kamenica, 2011. "Competition in Persuasion," NBER Working Papers 17436, National Bureau of Economic Research, Inc.
  12. Emeric Henry, 2009. "Disclosure of research results: the cost of proving your honesty," Sciences Po publications info:hdl:2441/eu4vqp9ompq, Sciences Po.
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Citations

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Cited by:
  1. Andrei Barbos, 2013. "Project Screening with Tiered Evaluation," Working Papers 0913, University of South Florida, Department of Economics.
  2. Barbos, Andrei, 2012. "Imperfect Evaluation in Project Screening," MPRA Paper 40847, University Library of Munich, Germany.

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