|
EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/55537
|
| | |
| Title: | | Voting in small committees  |
| Authors: | | Balduzzi, Paolo Graziano, Clara Luporini, Annalisa |
| Issue Date: | | 2012 |
| Series/Report no.: | | CESifo working paper: Public Choice 3732 |
| Abstract: | | A small committee has to approve/reject a project with uncertain return. Members have different preferences: some are value-maximizers, others are biased towards approval. We focus on the efficient use of scarce information when communication is not guaranteed, and we provide insights on the optimal committee composition. We show that the presence of biased members can improve the voting outcome by simplifying the strategies of unbiased members. Thus, heterogeneous committees perform at least as well as homogeneous committees. In particular, when value-maximizers outnumber biased members by one vote, the optimal equilibrium becomes unique. Finally, allowing members to communicate brings no improvement. |
| Subjects: | | voting small committees committees composition communication in committees |
| JEL: | | D71 D72 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/55537
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|