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 EconWPA in its series Others with number 9503001.
Date of creation: 21 Mar 1995
Date of revision: 19 Jul 1995
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Other versions of this item:
- Ley, E. & Steel, M.F.J., 1995. "A model of management teams," Discussion Paper 1995-86, Tilburg University, Center for Economic Research.
- Ley, E. & Steel, M.FJ., 1995. "A Model of Management Teams," Papers 9586, Tilburg - 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.
- P - Economic Systems
- Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics
- Z - Other Special Topics
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- 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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