Information Aggregation in Stratified Societies

A-Tier
Journal: Economic Journal
Year: 2025
Volume: 135
Issue: 672
Pages: 2402-2425

Authors (3)

Marina Agranov (not in RePEc) Ran Eilat (not in RePEc) Konstantin Sonin (University of Chicago)

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We analyse a model of political competition in which the elite form endogenously to aggregate information and advise the uninformed median voter which candidate to choose. The median voter knows whether or not the endorsed candidate is biased toward the elites, but might still prefer the biased candidate if the elite’s endorsement provides sufficient information about her competence. The elite size and the degree of information aggregation by the elite depend on the extent to which the median voter follows the elite’s advice. A higher cost of redistribution minimises the elite’s information advantage, hinders information transmission and decreases the expected competence of the elected politician.

Technical Details

RePEc Handle
repec:oup:econjl:v:135:y:2025:i:672:p:2402-2425.
Journal Field
General
Author Count
3
Added to Database
2026-01-29