Information acquisition and transparency in committees
نویسندگان
چکیده
منابع مشابه
Information acquisition in committees
The goal of this paper is to illustrate the signi cance of information acquisition in mechanism design. We provide a stark example of a mechanism design problem in a collective choice environment with information acquisition. We concentrate on committees that are comprised of agents sharing a common goal and having a joint task. Members of the committee decide whether to acquire costly informat...
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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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ژورنال
عنوان ژورنال: International Journal of Game Theory
سال: 2011
ISSN: 0020-7276,1432-1270
DOI: 10.1007/s00182-011-0295-5