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A theory of voting patterns and performance in private and public committees

  • Daniel Seidmann

    ()

We analyze voting in private and public committees whose members care about the selected decision and the rewards which outsiders pay for representing their interests. We characterize the voting pattern and performance in both committees; and we test these implications on the voting patterns of monetary policy committees.

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File URL: http://hdl.handle.net/10.1007/s00355-010-0464-7
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Article provided by Springer in its journal Social Choice and Welfare.

Volume (Year): 36 (2011)
Issue (Month): 1 (January)
Pages: 49-74

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Handle: RePEc:spr:sochwe:v:36:y:2011:i:1:p:49-74
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  1. Bauke Visser & Otto H. Swank, 2005. "On Committees of Experts," Tinbergen Institute Discussion Papers 05-028/1, Tinbergen Institute.
  2. DanielJ. Seidmann, 2008. "Optimal Quotas in Private Committees," Economic Journal, Royal Economic Society, vol. 118(525), pages 16-36, 01.
  3. Helge Berger & Volker Nitsc, 2011. "Too Many Cooks? Committees in Monetary Policy," Southern Economic Journal, Southern Economic Association, vol. 78(2), pages 452-475, October.
  4. Francesco De Sinopoli, 2000. "Sophisticated voting and equilibrium refinements under plurality rule," Social Choice and Welfare, Springer, vol. 17(4), pages 655-672.
  5. Ellen E. Meade, 2005. "The FOMC: preferences, voting, and consensus," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 93-101.
  6. Bernheim, B. Douglas & Peleg, Bezalel & Whinston, Michael D., 1987. "Coalition-Proof Nash Equilibria I. Concepts," Journal of Economic Theory, Elsevier, vol. 42(1), pages 1-12, June.
  7. Gilat Levy, 2005. "Decision making in committees: transparency, reputation and voting rules," LSE Research Online Documents on Economics 543, London School of Economics and Political Science, LSE Library.
  8. Meade, Ellen E & Sheets, D Nathan, 2005. "Regional Influences on FOMC Voting Patterns," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 37(4), pages 661-77, August.
  9. James M. Snyder, 2005. "Why Roll Calls? A Model of Position-Taking in Legislative Voting and Elections," Journal of Law, Economics and Organization, Oxford University Press, vol. 21(1), pages 153-178, April.
  10. Blinder, Alan S & Morgan, John, 2005. "Are Two Heads Better than One? Monetary Policy by Committee," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 37(5), pages 789-811, October.
  11. Roger B. Myerson & Daniel Diermeier, 1999. "Bicameralism and Its Consequences for the Internal Organization of Legislatures," American Economic Review, American Economic Association, vol. 89(5), pages 1182-1196, December.
  12. Hans Gersbach & Volker Hahn, 2008. "Should the individual voting records of central bankers be published?," Social Choice and Welfare, Springer, vol. 30(4), pages 655-683, May.
  13. Otmar Issing, 1999. "The Eurosystem: Transparent andAccountable or 'Willem in Euroland'," Journal of Common Market Studies, Wiley Blackwell, vol. 37(3), pages 503-519, 09.
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