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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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Existing theoretical and experimental studies have established that unanimity is a poor decision rule for promoting … responsibility for the committee's decision is equally distributed across all agents. We test our predictions in a controlled … are ultimately more likely to make the optimal decision. Idiosyncratic payoffs such as a moral bias thus present a …
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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 …
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This paper studies monetary policy committee transparency (MPCT) based on a new index that measures central bankers' educational and professional backgrounds as disclosed through central bank websites. Based on a novel cross-sectional data set covering 75 central banks, we investigate the...
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