Deliberation, Leadership and Information Aggregation
AbstractWe analyse committees of voters who take a decision between two options as a two- stage process. In a discussion stage, voters share non-verifiable information about a private signal concerning what is the best option. In a voting stage, votes are cast and one of the options is implemented. We introduce the possibility of leadership whereby a certain voter, the leader, is more influential than the rest at the discussion stage even though she is not better informed. We study information transmission and characterize the effects of the leader on the deliberation process. We find, amongst others, that both the quality of the decision taken by the committee and how truthful voters are at the discussion stage depends non-monotonically on how influential the leader is. In particular, although a leader whose influence is weak does not disrupt the decision process of the committee in any way, a very influential leader is less disruptive than a moderately influential leader.
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Bibliographic InfoPaper provided by Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico in its series Documentos de Trabajo del ICAE with number 2014-04.
Length: 34 pages
Date of creation: 2014
Date of revision:
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Other versions of this item:
- Javier Rivas & Carmelo Rodríguez-Álvarez, 2013. "Deliberation, leadership and information aggregation," Documentos de Trabajo del ICAE 2013-37, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
- Javier Rivas & Carmelo Rodriguez-Alvarez, 2012. "Deliberation, Leadership and Information Aggregation," Discussion Papers in Economics 12/16, Department of Economics, University of Leicester.
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-04-11 (All new papers)
- NEP-CDM-2014-04-11 (Collective Decision-Making)
- NEP-CTA-2014-04-11 (Contract Theory & Applications)
- NEP-GER-2014-04-11 (German Papers)
- NEP-MIC-2014-04-11 (Microeconomics)
- NEP-POL-2014-04-11 (Positive Political Economics)
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