723 research outputs found
How a firm can induce legislators to adopt a bad policy
This paper shows why a majority of legislators may vote for a policy that benefits a firm but harms all legislators. The firm may induce legislators to support the policy by suggesting that it is more likely to invest in a district where voters or their representative support the policy. In equilibrium, no one vote may be decisive, so each legislator who seeks the firm’s investment votes for the policy, though all legislators would be better off if they all voted against the policy. And when votes reveal information about the district, the firm’s implicit promise or threat can be credible. Unlike influence mechanisms based on contributions or bribes, the behavior considered is time consistent and in line with the low campaign contributions by special interests
Subgroup deliberation and voting
We consider three mechanisms for the aggregation of information in heterogeneous committees voting by Unanimity rule: Private Voting and voting preceded by either Plenary or Subgroup Deliberation. While the first deliberation protocol imposes public communication, the second restricts communication to homogeneous subgroups. We find that both protocols allow to Pareto improve on outcomes achieved under private voting. Furthermore, we find that when focusing on simple equilibria under Plenary Deliberation, Subgroup Deliberation Pareto improves on outcomes achieved under Plenary Deliberation
On the optimal composition of committees
This paper derives a simple characterization of how to optimally divide an organization's experts into different decision-making committees. The focus is on many three-member committees that make decisions by a simple majority rule. We find that the allocation of experts to committees is optimal if and only if it minimizes the sum of the products of the experts' skills in each committee. As a result, given the experts of any two committees, the product of the experts' skills should be as similar as possible in the two committees, and it is never optimal to have the three worst experts in one committee and the three best experts in another
New apparatus for DTA at 2000 bar: thermodynamic studies on Au, Ag, Al and HTSC oxides
A new DTA (Differential Thermal Analysis) device was designed and installed
in a Hot Isostatic Pressure (HIP) furnace in order to perform high-pressure
thermodynamic investigations up to 2 kbar and 1200C. Thermal analysis can be
carried out in inert or oxidising atmosphere up to p(O2) = 400 bar. The
calibration of the DTA apparatus under pressure was successfully performed
using the melting temperature (Tm) of pure metals (Au, Ag and Al) as standard
calibration references. The thermal properties of these metals have been
studied under pressure. The values of DV (volume variation between liquid and
solid at Tm), ROsm (density of the solid at Tm) and ALPHAm (linear thermal
expansion coefficient at Tm) have been extracted. A very good agreement was
found with the existing literature and new data were added. This HP-DTA
apparatus is very useful for studying the thermodynamics of those systems where
one or more volatile elements are present, such as high TC superconducting
oxides. DTA measurements have been performed on Bi,Pb(2223) tapes up to 2 kbar
under reduced oxygen partial pressure (p(O2) = 0.07 bar). The reaction leading
to the formation of the 2223 phase was found to occur at higher temperatures
when applying pressure: the reaction DTA peak shifted by 49C at 2 kbar compared
to the reaction at 1 bar. This temperature shift is due to the higher stability
of the Pb-rich precursor phases under pressure, as the high isostatic pressure
prevents Pb from evaporating.Comment: 6 figures, 3 tables, Thermodynamics, Thermal property, Bi-2223,
fundamental valu
On Two-Period Committee Voting: Why Straw Polls Should Have Consequences.
We consider a committee voting setup with two rounds of voting where committee members, who possess private information about the state of the world, have to make a binary decision. We investigate incentives for truthful revelation of their information in the first voting period. Coughlan (2000 shows that members reveal their information in a straw poll only if their preferences are homogeneous. By taking costs of time into account, we demonstrate that heterogeneous committees have strictly higher incentives to reveal information and can be strictly better off if the straw poll allows for an earlier decision for high level of consensus
Costs and benefits to European shipping of ballast-water and hull-fouling treatment: Impacts of native and non-indigenous species
Maritime transport and shipping are impacted negatively by biofouling, which can result in increased fuel consumption. Thus, costs for fouling reduction can be considered an investment to reduce fuel consumption. Anti-fouling measures also reduce the rate of introduction of non-indigenous species (NIS). Further mitigation measures to reduce the transport of NIS within ballast water and sediments impose additional costs. The estimated operational cost of NIS mitigation measures may represent between 1.6% and 4% of the annual operational cost for a ship operating on European seas, with the higher proportional costs in small ships. However, fouling by NIS may affect fuel consumption more than fouling by native species due to differences in species’ life-history traits and their resistance to antifouling coatings and pollution. Therefore, it is possible that the cost of NIS mitigation measures could be smaller than the cost from higher fuel consumption arising from fouling by NIS
Reliability and Responsibility: a Theory of Endogenous Commitment
A common assumption in Political Science literature is policy commitment: candidates maintain their electoral promises. We study its validity and we prove that is an costless electoral is an effective way of transmitting information to voters. We investigate the responsiveness of policies to electoral promises depending on politicians' motivations. The results are robust to relevant equilibrium refinements
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