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Transparency and Pre-meetings

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Author Info

  • Job Swank

    (Erasmus Universiteit Rotterdam)

  • Otto Swank

    ()
    (Erasmus Universiteit Rotterdam, and DNB)

  • Bauke Visser

    ()
    (Erasmus Universiteit Rotterdam)

Abstract

Some committees are made up of experts, persons interested in both the (subject) matter at hand and in coming across as able decision-makers. Such committees would like to conceal disagreement from the public. We present a theory that describes the reaction of experts to the requirement to publish verbatim transcripts of their meetings: the emergence of an informal ‘premeeting’; the move of the real debate from the formal meeting to the premeeting; and the drop in disagreement in the formal meeting. We analyse what the effect is on accountability and quality of decision-making. Finally, we present evidence suggesting that our model describes the way members of the Federal Open Market Committee in the United States responded to the publication of verbatim transcripts of their meetings.

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Bibliographic Info

Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 06-051/1.

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Date of creation: 07 Jun 2006
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Handle: RePEc:dgr:uvatin:20060051

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Web page: http://www.tinbergen.nl

Related research

Keywords: Committees; pre-meetings; reputational concerns; transparency;

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References

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Citations

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Cited by:
  1. Gersbach, Hans & Hahn, Volker, 2008. "Information Acquisition and Transparency in Committees," CEPR Discussion Papers 6677, C.E.P.R. Discussion Papers.
  2. Christopher W. Crowe & Ellen E. Meade, 2008. "Central Bank Independence and Transparency," IMF Working Papers 08/119, International Monetary Fund.
  3. Hahn, Volker, 2008. "Committees, sequential voting and transparency," Mathematical Social Sciences, Elsevier, vol. 56(3), pages 366-385, November.
  4. Christopher Crowe & Ellen E. Meade, 2007. "The Evolution of Central Bank Governance around the World," Journal of Economic Perspectives, American Economic Association, vol. 21(4), pages 69-90, Fall.
  5. Dessein, Wouter, 2007. "Why a Group Needs a Leader: Decision-making and Debate in Committees," CEPR Discussion Papers 6168, C.E.P.R. Discussion Papers.

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