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Information acquisition and decision making in committees: A survey Author info | Abstract | Publisher info | Download info | Related research | Statistics Kerstin Gerling () (University of Mannheim, Department of Economics, D-68131 Mannheim, Germany. )
Hans Peter Grüner () (University of Mannheim, Department of Economics,D-68131 Mannheim, Germany. )
Alexandra Kiel () (University of Mannheim, Department of Economics, D-68131 Mannheim, Germany. )
Elisabeth Schulte () (University of Mannheim, Department of Economics, D-68131 Mannheim, Germany. )
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This is a survey on the recent game theoretic literature on committee decision making. We consider theoretical work on the role of (i) strategic voting, (ii) costly information acquisition, (iii) conflicting interests, and (iv) communication in committees. Moreover, we review recent experimental evidence on these issues. Our analysis focuses on the optimal size, composition, and decision rules of committees. We discuss implications for the design of monetary policy committees. JEL Classification: D71; E52.
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Paper provided by European Central Bank in its series Working Paper Series with number
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Length: 55 pages
Date of creation: Sep 2003Date of revision:
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Keywords: Committees strategic voting costly information acquisition monetary policy committees. Other versions of this item:
Article Gerling, Kerstin & Gruner, Hans Peter & Kiel, Alexandra & Schulte, Elisabeth, 2005.
"Information acquisition and decision making in committees: A survey ,"
European Journal of Political Economy ,
Elsevier, vol. 21(3), pages 563-597, September.
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