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Expert advising under checks and balances
Li,Tao
2019-06-19
Source PublicationSocial Choice and Welfare
ISSN01761714
Volume42Issue:2Pages:477-502
Abstract

This paper attempts to compare the efficiencies of different political institutions (with or without checks and balances) in extracting external "cheap talk" information. We find that a political institution with checks and balances can extract more credible information (measured by the number of signals) from an external partisan expert because no policymaker can unilaterally exploit revealed expert information to her own best advantage. However, there is a tradeoff between signal quantity and distribution under checks and balances, as more signals tend to be distributed more unevenly due to the existence of an "inertia region" where credible communication is more difficult. Institutions using checks and balances are more efficient when conflict of interest between policymakers is relatively small, in which case the signal distribution is less uneven. © 2013 Springer-Verlag Berlin Heidelberg.

DOI10.1007/s00355-013-0737-z
URLView the original
Indexed BySCI
Language英语
WOS Research AreaBusiness & Economics ; Mathematical Methods In Social Sciences
WOS SubjectEconomics ; Social Sciences, Mathematical Methods
WOS IDWOS:000330992000011
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Cited Times [WOS]:0   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
CollectionDEPARTMENT OF GOVERNMENT AND PUBLIC ADMINISTRATION
AffiliationDepartment of Government and Public AdministrationUniversity of Macau,Macao
First Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Li,Tao. Expert advising under checks and balances[J]. Social Choice and Welfare,2019,42(2):477-502.
APA Li,Tao.(2019).Expert advising under checks and balances.Social Choice and Welfare,42(2),477-502.
MLA Li,Tao."Expert advising under checks and balances".Social Choice and Welfare 42.2(2019):477-502.
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