A model of management teams

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A model of management teams

Author Info

E. Ley
M. F. J. Steel

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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.

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Paper provided by Edinburgh School of Economics, University of Edinburgh in its series ESE Discussion Papers with number 24.

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Date of creation: Oct 2004
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Handle: RePEc:edn:esedps:24

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Other versions of this item:

Article
- Eduardo Ley & Mark F.J. Steel, 1998. "A model of management teams," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 19(6), pages 355-363.
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.

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.)

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

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