Consistency and Communication in Committees
This paper analyzes truthtelling incentives in pre-vote communication in heterogeneous committees. We generalize the classical Condorcet jury model by introducing a new informational structure that captures consistency of information. In contrast to the impossibility result shown by Coughlan (2000) for the classical model, full pooling of information followed by sincere voting is an equilibrium outcome of our model for a large set of parameter values implying the possibility of ex post conflict between committee members. Furthermore, abandonning the assumption of sincere voting, we characterize necessary and sufficient conditions for the implementability of the first best decision rule via truthful equilibria.
|Date of creation:||Feb 2013|
|Contact details of provider:|| Postal: Bonn Graduate School of Economics, University of Bonn, Adenauerallee 24 - 26, 53113 Bonn, Germany|
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References listed on IDEAS
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- Van Weelden, Richard, 2008. "Deliberation Rules and Voting," Quarterly Journal of Political Science, now publishers, vol. 3(1), pages 83-88, January.
- Patrick Hummel, 2012. "Deliberation in large juries with diverse preferences," Public Choice, Springer, vol. 150(3), pages 595-608, March.
- Jacob K. Goeree & Leeat Yariv, 2011. "An Experimental Study of Collective Deliberation," Econometrica, Econometric Society, vol. 79(3), pages 893-921, 05.
- Wolinsky, Asher, 2002.
"Eliciting information from multiple experts,"
Games and Economic Behavior,
Elsevier, vol. 41(1), pages 141-160, October.
- Asher Wolinsky, 1999. "Eliciting Information From Multiple Experts," Discussion Papers 1277, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Gerardi, Dino & McLean, Richard & Postlewaite, Andrew, 2009. "Aggregation of expert opinions," Games and Economic Behavior, Elsevier, vol. 65(2), pages 339-371, March.
- Dino Gerardi & Richard McLean & Andrew Postlewaite, 2005. "Aggregation of Expert Opinions," Cowles Foundation Discussion Papers 1503, Cowles Foundation for Research in Economics, Yale University.
- Dino Gerardi & Richard McLean & Andrew Postlewaite, 2005. "Aggregation of Expert Opinions," PIER Working Paper Archive 05-016, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Gerardi, Dino & Yariv, Leeat, 2007. "Deliberative voting," Journal of Economic Theory, Elsevier, vol. 134(1), pages 317-338, May. Full references (including those not matched with items on IDEAS)
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