Read my lips: the political economy of information transmission

Timothy Besley and Rohini Pande

No W98/13, IFS Working Papers from Institute for Fiscal Studies

Abstract: The paper studies credible information transmission by governments. A group of heterogenous individuals have to make private investment and labor supply decisions while relying on the government for information about investment returns. The government consists of a an elected citizen who chooses a redistributive strategy in addition to providing information. We give conditions under which the outcome leads to over- or under-investment in high return activities and the outcome is Pareto efficient.

Date: 1998-10-01
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Related works:
Working Paper: Read My Lips: The Political Economy of Information Transmission (1998)
Working Paper: Read my lips: the political economy of information transmission (1998)
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