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 EconWPA in its series Others with number
9503001.
Length: Date of creation: 21 Mar 1995 Date of revision:
19 Jul 1995 Handle: RePEc:wpa:wuwpot:9503001
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