Learning more by doing less
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.
|Date of creation:||11 Oct 2011|
|Date of revision:|
|Publication status:||Forthcoming: Under Review|
|Contact details of provider:|| Postal: P.O. Box 248126, Coral Gables, FL 33124-6550|
Phone: (305) 284-5540
Fax: (305) 284-2985
Web page: http://www.bus.miami.edu/faculty-and-research/academic-departments/economics/index.html
More information through EDIRC
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.:
- Emeric Henry, 2009.
"Disclosure of research results: the cost of proving your honesty,"
Sciences Po publications
info:hdl:2441/eu4vqp9ompq, Sciences Po.
- Emeric Henry, 2009. "Disclosure of research results: the cost of proving your honesty," Post-Print hal-01023670, HAL.
- Yeon-Koo Che & Navin Kartik, 2009.
"Opinions as Incentives,"
Journal of Political Economy,
University of Chicago Press, vol. 117(5), pages 815-860, October.
- 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.
- Paul R. Milgrom, 1979. "Good Nevs and Bad News: Representation Theorems and Applications," Discussion Papers 407R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- repec:spo:wpecon:info:hdl:2441/eu4vqp9ompqllr09iatr74eao is not listed on IDEAS
- Paul R. Milgrom & John Roberts, 1985.
"Relying on the Information of Interested Parties,"
Cowles Foundation Discussion Papers
749, Cowles Foundation for Research in Economics, Yale University.
- 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.
- Emir Kamenica & Matthew Gentzkow, 2009.
NBER Working Papers
15540, National Bureau of Economic Research, Inc.
- Christopher Cotton, 2008.
"Should We Tax or Cap Political Contributions? A Lobbying Model with Policy Favors and Access,"
0901, University of Miami, Department of Economics.
- Cotton, Christopher, 2009. "Should we tax or cap political contributions? A lobbying model with policy favors and access," Journal of Public Economics, Elsevier, vol. 93(7-8), pages 831-842, August.
- Bull, Jesse & Watson, Joel, 2002.
"Evidence Disclosure and Verfiability,"
University of California at San Diego, Economics Working Paper Series
qt19p7z2gm, Department of Economics, UC San Diego.
- Bull, Jesse & Watson, Joel, 2000. "Evidence Disclosure and Verifiability," University of California at San Diego, Economics Working Paper Series qt6th0060j, Department of Economics, UC San Diego.
- Matthew Gentzkow & Emir Kamenica, 2011. "Competition in Persuasion," NBER Working Papers 17436, National Bureau of Economic Research, Inc.
- Wagman, Liad & Conitzer, Vincent, 2008.
"Choosing Fair Lotteries to Defeat the Competition,"
10375, University Library of Munich, Germany.
When requesting a correction, please mention this item's handle: RePEc:mia:wpaper:2012-1. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher Parmeter)
If references are entirely missing, you can add them using this form.