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Conflicts and Common Interests in Committees

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Author Info
Hao Li
Sherwin Rosen
Wing Suen

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Abstract

Committees improve decisions by pooling members' independent information, but promote manipulation, obfuscation, and exaggeration of private information when members have conflicting preferences. Committee decision procedures transform continuous data into ordered ranks through voting. This coarsens the transmission of information, but controls strategic manipulations and allows some degree of information sharing. Each member becomes more cautious in casting the crucial vote than when he alone makes the decision based on own information. Increased quality of one member's information results in his casting the crucial vote more often. Committees make better decisions for members than does delegation.

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Publisher Info
Article provided by American Economic Association in its journal American Economic Review.

Volume (Year): 91 (2001)
Issue (Month): 5 (December)
Pages: 1478-1497
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Handle: RePEc:aea:aecrev:v:91:y:2001:i:5:p:1478-1497

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    Other versions:
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Turner, Matthew & Weninger, Quinn, 2004. "Meetings with costly participation: an empirical analysis," Staff General Research Papers 11464, Iowa State University, Department of Economics.
    Other versions:
  2. CAILLAUD, Bernard & TIROLE, Jean, 2007. "Consensus Building: How to Persuade a Group," IDEI Working Papers 435, Institut d'Économie Industrielle (IDEI), Toulouse. [Downloadable!]
    Other versions:
  3. Robin Boadway & Motohiro Sato, 2006. "Bureaucratic Advice and Political Governance," Working Papers 1070, Queen's University, Department of Economics. [Downloadable!]
    Other versions:
  4. Ettore Damiano & Hao Li & Wing Suen, 2008. "Delay in Strategic Information Aggregation," Working Papers tecipa-311, University of Toronto, Department of Economics. [Downloadable!]
  5. Quinn Weninger & Matthew tunrer, 2004. "Meetings with costly participation: An empirical," Econometric Society 2004 North American Summer Meetings 411, Econometric Society. [Downloadable!]
  6. Dezsö Szalay & Ramon Arean, 2005. "Communicating with a Team of Experts," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 05.12, Université de Lausanne, Faculté des HEC, DEEP. [Downloadable!]
  7. Sourav Bhattacharya, 2006. "Preference Monotonicity and Information Aggregation in Elections," Working Papers 325, University of Pittsburgh, Department of Economics, revised Jun 2007. [Downloadable!]
  8. Torun Dewan & David P. Myatt, 2007. "The Qualities of Leadership: Direction, Communication, and Obfuscation," Economics Series Working Papers 311, University of Oxford, Department of Economics. [Downloadable!]
  9. Cesar Martinelli, 2000. "Convergence Results for Unanimous Voting," Working Papers 0005, Centro de Investigacion Economica, ITAM. [Downloadable!]
    Other versions:
  10. Gunnarsson, Louise Victoria & Orazem, Peter & Sanchez, Mario & Verdisco, Aimee, 2004. "Does Local School Control Raise Student Outcomes?: Theory and Evidence on the Roles of School Autonomy and Community Participation," Staff General Research Papers 11417, Iowa State University, Department of Economics. [Downloadable!]
  11. Torun Dewan & David P. Myatt, 2007. "The Qualities of Leadership:Direction, Communication, and Obfuscation," STICERD - Political Economy and Public Policy Paper Series 24, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE. [Downloadable!]
  12. Otto H. Swank & Bauke Visser, 2007. "Is Transparency to no avail? Committee Decision-making, Pre-meetings, and Credible Deals," Tinbergen Institute Discussion Papers 07-055/1, Tinbergen Institute. [Downloadable!]
  13. Bauke Visser & Otto H. Swank, 2005. "On Committees of Experts," Tinbergen Institute Discussion Papers 05-028/1, Tinbergen Institute. [Downloadable!]
    Other versions:
  14. John Duggan & Cesar Martinelli, 1999. "A Bayesian Model of Voting in Juries," Working Papers 9904, Centro de Investigacion Economica, ITAM. [Downloadable!]
    Other versions:
  15. Ruth Ben-Yashar & Igal Milchtaich, 2007. "First and second best voting rules in committees," Social Choice and Welfare, Springer, vol. 29(3), pages 453-486, October. [Downloadable!] (restricted)
  16. Eyal Baharad & Shmuel Nitzan, 2007. "The Costs of Implementing the Majority Principle: The Golden Voting Rule," Economic Theory, Springer, vol. 31(1), pages 69-84, April. [Downloadable!] (restricted)
  17. Ian Ayres & Colin Rowat & Nasser Zakariya, 2004. "Optimal two stage committee voting rules," Game Theory and Information 0412006, EconWPA. [Downloadable!]
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  18. Sibert, Anne, 2006. "Central Banking by Committee," CEPR Discussion Papers 5626, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  19. Klaas J. Beniers & Otto H. Swank, 2003. "On the Composition of Committees," Tinbergen Institute Discussion Papers 03-006/1, Tinbergen Institute. [Downloadable!]
    Other versions:
  20. Job Swank & Otto Swank & Bauke Visser, 2006. "Transparency and Pre-meetings," Tinbergen Institute Discussion Papers 06-051/1, Tinbergen Institute. [Downloadable!]
  21. Daniel Seidmann, 2006. "A Theory of Voting Patterns and Performance in Private and Public Committees," Discussion Papers 2006-07, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham. [Downloadable!]
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