English, Article edition: Viewpoint: Decision-making in committees Li Hao; Wing Suen

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Viewpoint: Decision-making in committees
Author
  • Li Hao
  • Wing Suen
Physical Description
  • article
Notes
  • This article reviews recent developments in the theory of committee decision-making. A committee consists of self-interested members who 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 committee decision. Seeming inefficiencies of the committee decision-making process such as over-cautiousness, voting, and delay emerge as partial remedies to these incentive problems.
  • RePEc:cje:issued:v:42:y:2009:i:2:p:359-392
Language
  • English
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