Showing 1 - 10 of 3,069
. Counterfactual analysis shows that committees add value through aggregating private assessments, but that gains to larger committees … their assessments also have lower precision, mixed committees may not be optimal. …
Persistent link: https://www.econbiz.de/10010293915
In this paper, we present a monetary policy game in which the central bank has a private forecast of supply and demand shocks. The public needs to form its inflationary expectations and can make use of central bank announcements. However, because of the credibility problem that the central bank...
Persistent link: https://www.econbiz.de/10010298234
This paper considers the optimal degree of monetary-discretion when the central bank conducts policy based on its private information about the state of the economy and is unable to commit. Society seeks to maximize social welfare by imposing restrictions on the central bank's actions over time,...
Persistent link: https://www.econbiz.de/10012010058
This paper asks how social movements against gender-based violence (GBV) spread on Twitter. To this end, I construct a novel dataset measuring 10 large social movements against GBV on Twitter. I show that these movements start suddenly and fade out quickly and that there is considerable...
Persistent link: https://www.econbiz.de/10013441520
committees. Subjects get private signals about the state of world, send binary messages, and finally vote under either majority … reasoning), but strikingly overestimate their pivotality when voting (contradicting plain lying aversion). That is, committees …
Persistent link: https://www.econbiz.de/10014469359
This paper analyzes truthtelling incentives in pre-vote communication in heterogeneous committees. We generalize the …
Persistent link: https://www.econbiz.de/10010312976
This paper studies how organizational design affects moral outcomes. Subjects face the decision to either kill mice for money or to save mice. We compare a Baseline treatment where subjects are fully pivotal to a Diffused-Pivotality treatment where subjects simultaneously choose in groups of...
Persistent link: https://www.econbiz.de/10010316223
We study dynamic committee bargaining over an infinite horizon with discounting. In each period a committee proposal is generated by a random recognition rule, the committee chooses between the proposal and a status quo by majority rule, and the voting outcome in period t becomes the status quo...
Persistent link: https://www.econbiz.de/10010266322
This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule …. Surprisingly, even with the symmetric assumptions in the spirit of Condorcet, a symmetric composition of committees is not always … committees. However, in the special case of only two skill levels, it is optimal to compose the committees evenly. …
Persistent link: https://www.econbiz.de/10010277358
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 …
Persistent link: https://www.econbiz.de/10010324872