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We study a model of collective decision making with endogenous information collection.Agents collect information about … decision is made. The reason for this result is that communicationmay aggravate the free-rider problem associated with …
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We study a model of collective decision making with endogenous information collection. Agents collect information about … that a correct decision is made. The reason for this result is that communication may aggravate the free-rider problem …
Persistent link: https://www.econbiz.de/10014067953
We study two aspects of globalization. It allows a decision-maker to go beyond his own local experience and to learn … from other decision-makers in addressing common problems. This improves the identification and diffusion of best practices …. It also provides extra information to `markets' that evaluate decision-makers: comparisons become possible. We identify …
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This paper is concerned with the role of committees in collective decision-makingprocesses in a world where agents must … be motivated to collect information. Committees improvethe quality of decision-making by providing information and by … preferences of the committeemembers should be aligned to those of the decision maker. Members with similar preferences asthe …
Persistent link: https://www.econbiz.de/10011332816
When hiring an adviser (he), a policy maker (she) often faces the problem that she has incomplete information about his preferences. Some advisers are good, in the sense that their preferences are closely aligned to the policy maker's preferences, and some advisers are bad. Recently, some...
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