000 01108nam a22001457a 4500
999 _c517345
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008 210710b ||||| |||| 00| 0 eng d
100 _aObsborne, M.J., Rosenthal, J.S. and Stewart, C.
_926463
245 _aInformation aggregation with costly reporting
260 _aThe Economic Journal: A Journal of the Royal Economic Society
300 _a130(625), Jan, 2020: p.208-232
520 _aA group of privately informed individuals with common interests chooses a binary option. Each individual chooses whether to reveal her signal, at a cost. If the group is large and cannot commit to a decision rule then it takes the correct decision with high probability in one state but with probability bounded away from one in the other. It cannot do better by committing to an anonymous decision rule without transfers, but can achieve the first best if transfers between individuals are possible, and can approximately achieve the first best with a non-anonymous decision rule.- Reproduced
773 _aThe Economic Journal: A Journal of the Royal Economic Society
906 _aMASS MEDIA
942 _cAR