All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC

 
Minoru Kitahara and Yohei Sekiguchi
 
''Aggregate Accuracy under Majority Rule with Heterogeneous Cost Functions''
( 2006, Vol. 4 No.25 )
 
 
We investigate an election model with costly accuracy improvement by allowing heterogeneity in the cost functions. We find that the aggregate accuracy in large elections is characterized by the average value of the inverse of the second derivative at zero information.
 
 
Keywords: costly information acquisition
JEL: D7 - Analysis of Collective Decision-Making: General
D8 - Information, Knowledge, and Uncertainty: General
 
Manuscript Received : Jul 20 2006 Manuscript Accepted : Jul 21 2006

  This abstract has been downloaded 2100 times                The Full PDF of this paper has been downloaded 166488 times