caa a22 4500 477078427 CHVBK 20180405111444.0 cr unu---uuuuu 170330e19960101xx s 000 0 eng 10.1007/BF00114879 doi (NATIONALLICENCE)springer-10.1007/BF00114879 Random errors, dirty information, and politics [Elektronische Daten] [Reiner Eichenberger, Angel Serna] Rational voters' assessments of candidates and policy proposals are unbiased, but affected by random errors. "Clean" information decreases these errors, while "dirty" information increases them. In politics, most voting procedures weigh random individual errors asymmetrically. Thus, such errors do not counterbalance one another in the aggregate. They systematically affect politics. This illuminates the roles of political propaganda and interest groups. It helps to explain various puzzles in Public Choice, e.g., the frequent use of inefficient policy instruments. Institutional conditions are identified that shape the aggregate impact of individual errors and the politicians' incentives to produce dirty information. Kluwer Academic Publishers, 1996 Eichenberger Reiner Institute for Empirical Economic Research, University of Zürich, Zürich, Switzerland aut Serna Angel Institute for Empirical Economic Research, University of Zürich, Zürich, Switzerland aut Public Choice Kluwer Academic Publishers; gopher://gopher.wkap.nl 86/1-2(1996-01-01), 137-156 0048-5829 86:1-2<137 1996 86 11127 https://doi.org/10.1007/BF00114879 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF00114879 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Eichenberger Reiner Institute for Empirical Economic Research, University of Zürich, Zürich, Switzerland aut NATIONALLICENCE 700 1- Serna Angel Institute for Empirical Economic Research, University of Zürich, Zürich, Switzerland aut NATIONALLICENCE 773 0- Public Choice Kluwer Academic Publishers; gopher://gopher.wkap.nl/ 86/1-2(1996-01-01), 137-156 0048-5829 86:1-2<137 1996 86 11127 Metadata rights reserved Springer special CC-BY-NC licence nationallicence SWISSBIB 268410739 BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer