Changes

Jump to navigation Jump to search
In the full information case, the politician is able to steal lots if <math>\theta</math> is high, and less if it is low.
Is voter worse off relative to when he could observe <math>\theta</math>? Turns out: Politician is able to steal more when state� state is unobservable.  Implication: voters would be ready to pay to have a journalist broadcasting information on <math>\theta</math>. Politician would pay to shut journalist up.
�Implication: voters would be ready to pay to have a journalist broadcasting information on �<math>\theta</math>. Politician would pay to shut journalist up.
Perhaps this model could serve to investigate the role of freedom of speech and media involvement in political life?
Anonymous user

Navigation menu