A Model of Management Teams
AbstractWe 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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Bibliographic InfoPaper provided by Tilburg - Center for Economic Research in its series Papers with number 9586.
Length: 16 pages
Date of creation: 1995
Date of revision:
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Postal: TILBURG UNIVERSITY, CENTER FOR ECONOMIC RESEARCH, 5000 LE TILBURG THE NETHERLANDS.
Phone: 31 13 4663050
Fax: 31 13 4663066
Web page: http://center.uvt.nl/
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Other versions of this item:
- Eduardo Ley & Mark F.J. Steel, 1995. "A Model of Management Teams," Others 9503001, EconWPA, revised 19 Jul 1995.
- Ley, E. & Steel, M.F.J., 1995. "A model of management teams," Discussion Paper 1995-86, Tilburg University, 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.
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
- D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other
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.
- Sah, Raaj Kumar & Stiglitz, Joseph E, 1988. "Committees, Hierarchies and Polyarchies," Economic Journal, Royal Economic Society, vol. 98(391), pages 451-70, June.
- Anne Sibert, 2006.
"Central Banking by Committee,"
DNB Working Papers
091, Netherlands Central Bank, Research Department.
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