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A model of management teams

Author

Listed:
  • Ley, E.
  • Steel, M.F.J.

    (Tilburg University, Center For Economic Research)

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.
(This abstract was borrowed from another version of this item.)
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Ley, E. & Steel, M.F.J., 1995. "A model of management teams," Discussion Paper 1995-86, Tilburg University, Center for Economic Research.
    • Handle: RePEc:tiu:tiucen:516c90df-00d7-4ea2-b88b-61a0c8ce34db
    as

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    File URL: https://pure.uvt.nl/ws/portalfiles/portal/1153798/ELMS5617168.pdf
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    References listed on IDEAS

    as
    1. Sah, Raaj Kumar & Stiglitz, Joseph E, 1988. "Committees, Hierarchies and Polyarchies," Economic Journal, Royal Economic Society, vol. 98(391), pages 451-470, June.
    2. Koh, Winston T. H., 1994. "Making decisions in committees a human fallibility approach," Journal of Economic Behavior & Organization, Elsevier, vol. 23(2), pages 195-214, March.
    3. Katzner, Donald W., 1995. "Participatory decision-making in the firm," Journal of Economic Behavior & Organization, Elsevier, vol. 26(2), pages 221-236, March.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Anne Sibert, 2006. "Central Banking by Committee," International Finance, Wiley Blackwell, vol. 9(2), pages 145-168, August.
    2. Anne Sibert, 2006. "Central Banking by Committee," International Finance, Wiley Blackwell, vol. 9(2), pages 145-168, August.

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    More about this item

    Keywords

    Management; Decision Making;

    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General

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