Decision Making in Committees: Transparency, Reputation, and Voting Rules
نویسندگان
چکیده
منابع مشابه
Decision making in committees : transparency, reputation and voting rules
In this paper I analyze the e¤ect of the transparency of the decision making process in committees on the decisions that are eventually taken. I focus on committees whose members are motivated by career concerns, so that each member tries to enhance his own reputation. When the decision making process is secretive, the individual votes of the committee members are not exposed to the public but ...
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We examine the consequences of vote transparency in committees whosemembers fear being blamed by partisan observers for casting an unfavorable vote. We show that such social pressure, like optimal taxation, can improve the collective decision by mitigating a voting externality. Hence, institutions may adopt public voting when the fear of blame is too little, and secret voting when the fear is t...
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This article reviews recent developments in the theory of committee decisionmaking. A committee consists of self-interested members that make a public decision by aggregating imperfect information dispersed among them according to a pre-specified decision rule. We focus on costly information acquisition, strategic information aggregation, and rules and processes that enhance the quality of the ...
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A group of people with identical preferences but different abilities in identifying the best alternative (e.g., a jury) takes a vote to decide between two alternatives. The first best voting rule is a weighted voting rule that takes into account the different individual competences, and is therefore not anonymous. Under such a rule, it is rational for group members to vote informatively, i.e., ...
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ژورنال
عنوان ژورنال: The American Economic Review
سال: 2007
ISSN: 0002-8282
DOI: 10.1257/000282807780323398