Corvinus
Corvinus

Information design for weighted voting

Kerman, Toygar Tayyar ORCID: https://orcid.org/0000-0003-3038-3666 and Tenev, Anastas ORCID: https://orcid.org/0000-0002-2950-569X (2024) Information design for weighted voting. Economic Theory . DOI 10.1007/s00199-024-01599-0

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Official URL: https://doi.org/10.1007/s00199-024-01599-0


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.

Item Type:Article
Uncontrolled Keywords:Information design ; Bayesian persuasion ; Strategic voting ; Shareholder voting ; Private communication
JEL classification:C72 - Noncooperative Games
D72 - Analysis of Collective Decision-Making: Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior
D82 - Information, Knowledge, and Uncertainty: Asymmetric and Private Information - Mechanism Design
D83 - Information, Knowledge, and Uncertainty: Search - Learning - Information and Knowledge - Communication - Belief
Divisions:Corvinus Doctoral Schools
Subjects:Information economy
Knowledge economy, innovation
Funders:Hungarian National Research, DevelopmentandInnovationOffice
Projects:K-143276
DOI:10.1007/s00199-024-01599-0
ID Code:10495
Deposited By: MTMT SWORD
Deposited On:06 Nov 2024 11:18
Last Modified:06 Nov 2024 11:18

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