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Committees, sequential voting and transparency

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  • Hahn, Volker

Abstract

We propose a model of sequential voting in committees, where members use their individual votes to signal high efficiency in their bid to become re-appointed. Transparency precludes efficient information aggregation, and thus decreases the utility of the principal in the first period; it may be beneficial to her in the second period. Under transparency, equilibria under sequential voting always differ from those under simultaneous voting and may lead to more or less efficient information aggregation.

Suggested Citation

  • Hahn, Volker, 2008. "Committees, sequential voting and transparency," Mathematical Social Sciences, Elsevier, vol. 56(3), pages 366-385, November.
    • Handle: RePEc:eee:matsoc:v:56:y:2008:i:3:p:366-385
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    References listed on IDEAS

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    1. Gilat Levy, 2007. "Decision Making in Committees: Transparency, Reputation, and Voting Rules," American Economic Review, American Economic Association, vol. 97(1), pages 150-168, March.
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    5. Hans Gersbach & Volker Hahn, 2008. "Should the individual voting records of central bankers be published?," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 30(4), pages 655-683, May.
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    Cited by:

    1. Hans Gersbach & Volker Hahn, 2012. "Information acquisition and transparency in committees," International Journal of Game Theory, Springer;Game Theory Society, vol. 41(2), pages 427-453, May.
    2. Hahn, Volker, 2011. "Sequential aggregation of verifiable information," Journal of Public Economics, Elsevier, vol. 95(11), pages 1447-1454.
    3. Jean-François Laslier & Jörgen Weibull, 2008. "Committee decisions: Optimality and Equilibrium," Working Papers halshs-00121741, HAL.
    4. Volker Hahn, 2012. "On the Optimal Size of Committees of Experts," Working Paper Series of the Department of Economics, University of Konstanz 2012-24, Department of Economics, University of Konstanz.
    5. Volker Hahn, 2017. "On the drawbacks of large committees," International Journal of Game Theory, Springer;Game Theory Society, vol. 46(2), pages 563-582, May.

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