consensus to be required for committee’s decision making (concerning acceptance or rejection of projects), and the optimal size … of committee. Our focus is on two basic trade-offs in organizational decision making: between the (Type-I) errors of … paper also analyzes hierarchies, polyarchies, and more complex forms of organization; and derives, for instance, simple …

consensus to be required for committee’s decision making (concerning acceptance or rejection of projects), and the optimal size … of committee. Our focus is two basic trade-offs in organizational decision making: between the (Type I) errors of … paper also analyzes hierarchies, polyarchies, and more complex forms of organization; and derives, for instance, simple …

This paper examines the dynamic consequences of a greater centralization or decentralization of the decision …