Events at CERGE-EI
Thursday, 22 May, 2014 | 16:30 | Micro Theory Research Seminar
Prof. Mehmet Ekmekci: “Manipulated Electorates and Information Aggregation”
Authors: Mehmet Ekmekci and Stephan Lauermann
Abstract: We study information aggregation with a biased election organizer who elicits voters at some costs. Voters are symmetric ex-ante and prefer policy left in state L and policy right in state R, but the organizer prefers policy right regardless of the state. Each elicited voter observes a private signal that is imperfectly informative about the unknown state, but does not learn the size of the electorate. In contrast to existing results for large elections, there are equilibria in which information aggregation fails: As the voter elicitation cost disappears, a perfectly informed organizer can ensure that policy right is implemented independent of the state by appropriately choosing the number of elicited voters in each state.
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