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Some committees are made up of experts, persons interested in both the (subject) matter at hand and in coming across as able decision-makers. Such committees would like to conceal disagreement from the public. We present a theory that describes the reaction of experts to the requirement to...
Persistent link: https://www.econbiz.de/10010325475
We study committees that acquire information, deliberate, and vote. A member cares about state-dependent decision payoffs and his reputation for expertise. The state remains unobserved. In such environments, members' internal reputations are based on deliberation patterns, while members'...
Persistent link: https://www.econbiz.de/10013288815
Some committees are made up of experts, persons interested in both the (subject) matter at hand and in coming across as able decision-makers. Such committees would like to conceal disagreement from the public. We present a theory that describes the reaction of experts to the requirement to...
Persistent link: https://www.econbiz.de/10005144492
Persistent link: https://www.econbiz.de/10007913708
Persistent link: https://www.econbiz.de/10008878171
Democracies delegate substantial decision power to politicians. We analyse a model in which the electorate wants an office-motivated incumbent to design, examine and implement public policies. We show that voters can always encourage politicians to design projects. However, they cannot always...
Persistent link: https://www.econbiz.de/10005709140
We analyse the implications of endogenizing information collection and reputational concerns for the performance of a sequential decision structure. In this model, two agents decide in a sequence whether to implement a public project. The cost of gathering information is private. We derive two...
Persistent link: https://www.econbiz.de/10005127440
Some committees are made up of experts, persons interested in both the (subject) matter at hand and in coming across as able decision-makers. Such committees would like to conceal disagreement from the public. We present a theory that describes the reaction of experts to the requirement to...
Persistent link: https://www.econbiz.de/10011256388