Koriyama, Yukio; Szentes, Balàzs - In: Theoretical economics : TE ; an open access journal in … 4 (2009) 2, pp. 227-252
This paper analyzes the optimal size of a deliberating committee where (i) there is no conflict of interest among individuals and (ii) information acquisition is costly. The committee members simultaneously decide whether to acquire information, and then make the ex-post efficient decision. The...
