Learning and signalling by advisor selection
AbstractIn this paper the authors consider a model where a policy maker uses advice in order to (1) obtain information about the consequences of an innovation (information motive) and (2) to support political legitimacy of her decision (persuasion motive). The authors conduct their analysis in the context of a cheap-talk game with three players; (1) a policy maker, (2) the median voter in parliament or of the electorate and (3) an advisor. The advisor has private information about the consequences of policy. Communication between an advisor and a recipient improves as their preferences are closer aligned. If the preferences of the policy maker and the median voter are different the policy maker faces a trade-off. On the one hand, she wants to gain information to judge whether the innovation is worthwhile. On the other hand, she needs to convince the median voter whether the information is desirable. Copyright 1997 by Kluwer Academic Publishers
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Maastricht University in its series Open Access publications from Maastricht University with number urn:nbn:nl:ui:27-20501.
Date of creation: 1997
Date of revision:
Publication status: Published in Public choice (1997) v.92, p.353-367
Contact details of provider:
Web page: http://www.maastrichtuniversity.nl/web/Home.htm
Other versions of this item:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Wilko Letterie & Otto H. Swank, 1998.
"Economic Policy, Model Uncertainty and Elections,"
Economics and Politics,
Wiley Blackwell, vol. 10(1), pages 85-103, 03.
- Letterie, Wilko & Swank, Otto H., 1998. "Economic policy, model uncertainty and elections," Open Access publications from Maastricht University urn:nbn:nl:ui:27-20498, Maastricht University.
- Letterie, W.A. & Swank, O.H., 1993. "Economic Policy, Model Uncertainty and Elections," Papers 9307-p, Erasmus University of Rotterdam - Institute for Economic Research.
- Swank, Otto H, 1994. " Partisan Views on the Economy," Public Choice, Springer, vol. 81(1-2), pages 137-50, October.
- Cukierman, A. & Tommasi, M., 1997.
"When Does It Take a Nixon to Go to China,"
30-97, Tel Aviv.
- Crawford, Vincent P & Sobel, Joel, 1982.
"Strategic Information Transmission,"
Econometric Society, vol. 50(6), pages 1431-51, November.
- Paldam, Martin & Svendsen, Gert Tinggaard, 2000. "An essay on social capital: looking for the fire behind the smoke," European Journal of Political Economy, Elsevier, vol. 16(2), pages 339-366, June.
- Swank, Otto H. & Letterie, Wilko & Dalen, Hendrik P. van, 1999.
"A theory of policy advice,"
Open Access publications from Maastricht University
urn:nbn:nl:ui:27-20496, Maastricht University.
- Otto H. Swank & Phongthorn Wrasai, 2002. "Deliberation, Information Aggregation and Collective Decision Making," Tinbergen Institute Discussion Papers 02-006/1, Tinbergen Institute, revised 03 Dec 2002.
- Swank Otto H., 2000. "Seeking information: the role of information providers in the policy decision process," Public Economics 0004004, EconWPA.
- Feld, Lars P. & Kirchgassner, Gebhard, 2000. "Direct democracy, political culture, and the outcome of economic policy: a report on the Swiss experience," European Journal of Political Economy, Elsevier, vol. 16(2), pages 287-306, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (J.Odekerken).
If references are entirely missing, you can add them using this form.