| Title | The consequences of endogenizing information for the performance of a sequential decision procedure |
|---|---|
| Published in | Journal of Economic Behavior & Organization, Vol. 65, No. 3-4, p.667-681. ISSN 0167-2681. |
| Author | Visser, B. (Bauke); Swank, O.H. (Otto) |
| Date | 2008-03-01 |
| Language | English |
| Type | article |
| Abstract | We analyse the implications of endogenizing information collection and reputational concerns for the performance of a sequential decision structure. In this model, two agents decide in a sequence whether to implement a public project. The cost of gathering information is private. We derive two results. First, endogenizing information replaces the herding problem with a free-rider problem. Second, endogenizing information aggravates the distortionary effect of reputational concerns. |
| Publication | http://hdl.handle.net/1765/11731 |
| Persistent Identifier | urn:NBN:nl:ui:15-1765/11731 |
| Metadata | XML |
| Repository | Erasmus University Rotterdam |
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