{"title":"Information design for weighted voting","authors":"Toygar T. Kerman, Anastas P. Tenev","doi":"10.1007/s00199-024-01599-0","DOIUrl":null,"url":null,"abstract":"<p>We consider a sender who wishes to persuade multiple receivers to vote in favor of a proposal and sends them private correlated messages that are conditional on the true state of the world. The receivers share a common prior, wish to implement the outcome that matches the true state, and have homogeneous preferences. However, they are heterogeneous in their voting weights. We consider both behavioral and sophisticated voters. When voters are behavioral, public communication is optimal if and only if there is a veto player. For sophisticated voters, we establish lower bounds on the sender’s gain from persuasion for general voting quotas and show that the sender can often improve upon public communication. Finally, in an extension, we show that even when behavioral voters have heterogeneous prior beliefs, public communication is optimal if and only if there is a veto player.</p>","PeriodicalId":47982,"journal":{"name":"Economic Theory","volume":"9 1","pages":""},"PeriodicalIF":1.2000,"publicationDate":"2024-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economic Theory","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s00199-024-01599-0","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
We consider a sender who wishes to persuade multiple receivers to vote in favor of a proposal and sends them private correlated messages that are conditional on the true state of the world. The receivers share a common prior, wish to implement the outcome that matches the true state, and have homogeneous preferences. However, they are heterogeneous in their voting weights. We consider both behavioral and sophisticated voters. When voters are behavioral, public communication is optimal if and only if there is a veto player. For sophisticated voters, we establish lower bounds on the sender’s gain from persuasion for general voting quotas and show that the sender can often improve upon public communication. Finally, in an extension, we show that even when behavioral voters have heterogeneous prior beliefs, public communication is optimal if and only if there is a veto player.
期刊介绍:
The purpose of Economic Theory is to provide an outlet for research - in all areas of economics based on rigorous theoretical reasoning, and
- on specific topics in mathematics which is motivated by the analysis of economic problems. Economic Theory''s scope encompasses - but is not limited to - the following fields. - classical and modern equilibrium theory
- cooperative and non-cooperative game theory
- macroeconomics
- social choice and welfare
- uncertainty and information, intertemporal economics (including dynamical systems)
- public economics
- international and developmental economics
- financial economics, money and banking
- industrial organization Economic Theory also publishes surveys if they clearly picture the basic ideas at work in some areas, the essential technical apparatus which is used and the central questions which remain open. The development of a productive dialectic between stylized facts and abstract formulations requires that economic relevance be at the forefront. Thus, correct, and innovative, mathematical analysis is not enough; it must be motivated by - and contribute to - the understanding of substantive economic problems.
Officially cited as: Econ Theory