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Bognar, Kata
Smith, Lones
Year of Publication: 
Series/Report no.: 
IEHAS Discussion Papers MT-DP - 2004/15
We analyze time-costly decision-making in committees by privately informed individuals, such as juries, panels, boards, etc. In the spirit of the Coase Conjecture, we show that the decision is "almost instantaneous" when individuals entertain identical objectives. Delay can only be understood as the outcome of conflicting (biased) objectives.
Document Type: 
Working Paper

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