A model of management teams

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A model of management teams

Author Info

Eduardo Ley (Fiscal Affairs Department, IMF, Washington DC, USA)
Mark F.J. Steel (Department of Economics, University of Edinburgh, Edinburgh, UK)

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Abstract

We present a simple model of management teams where the time it takes to make decisions is related to the size of the committee. We characterize the situations where larger or smaller sizes of the management team are desirable depending on the covariance structure of the signals that the managers observe. © 1998 John Wiley & Sons, Ltd.

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Publisher Info
Article provided by John Wiley & Sons, Ltd. in its journal Managerial and Decision Economics.

Volume (Year): 19 (1998)
Issue (Month): 6 ()
Pages: 355-363
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Handle: RePEc:wly:mgtdec:v:19:y:1998:i:6:p:355-363

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Paper
- Eduardo Ley & Mark F.J. Steel, 1995. "A Model of Management Teams," Others 9503001, EconWPA, revised 19 Jul 1995. [Downloadable!]
- Ley, E. & Steel, M.FJ., 1995. "A Model of Management Teams," Papers 9586, Tilburg - Center for Economic Research.
- E. Ley & M. F. J. Steel, 2004. "A model of management teams," ESE Discussion Papers 24, Edinburgh School of Economics, University of Edinburgh.

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.:

Katzner, Donald W., 1995. "Participatory decision-making in the firm," Journal of Economic Behavior & Organization, Elsevier, vol. 26(2), pages 221-236, March. [Downloadable!] (restricted)
Sah, Raaj Kumar & Stiglitz, Joseph E, 1988. "Committees, Hierarchies and Polyarchies," Economic Journal, Royal Economic Society, vol. 98(391), pages 451-70, June. [Downloadable!] (restricted)

Full references

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.)

Anne Sibert, 2006. "Central Banking by Committee," DNB Working Papers 091, Netherlands Central Bank, Research Department. [Downloadable!]
Other versions:
- Sibert, Anne, 2006. "Central Banking by Committee," CEPR Discussion Papers 5626, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
- Anne Sibert, 2006. "Central Banking by Committee," International Finance, Blackwell Publishing, vol. 9(2), pages 145-168, 08. [Downloadable!] (restricted)

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