From the category archives:

Working Papers

Endogenous Information Acquisition in Coordination Games

August 3, 2009

a research paper by Chris Wallace and David P Myatt.
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Abstract: In the context of a “beauty contest” coordination game (in which payoffs depend on the proximity of actions to an unobserved state variable and to the average action) players choose how much costly attention to pay to various informative signals; [...]

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On the Rhetorical Strategies of Leaders: Speaking Clearly, Standing Back, and Stepping Down

May 11, 2009

by Torun Dewan and David P Myatt
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Abstract: Followers wish to coordinate their actions in an uncertain environment. A follower would like his action to be close to some ideal (but unknown) target; to reflect his own idiosyncratic preferences; and to be close to the actions of others. He learns about his [...]

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The Declining Talent Pool of Government

April 5, 2009

by Torun Dewan and David P Myatt

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Also available: Earlier Version in PDF Format (from 28 July 2008)

Resubmitted to the American Journal of Political Science.
Abstract: We consider a government for which success requires high performance by talented ministers. A leader provides incentives to her ministers by [...]

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On the Sources and Value of Information: Public Announcements and Macroeconomic Performance

March 23, 2009

by David P Myatt and Chris Wallace.

Download the Current Version in PDF Format (from 23 March 2009)
Also available: Earlier Version in PDF Format (from 27 October 2008)

(currently in submission)
Oxford Economics Discussion Paper no. 411.
Abstract: In the context of macroeconomic coordination, studies of the social value of information distinguish sharply between private and public information. However, no [...]

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