A Model of Management Teams
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.
|Date of creation:||21 Mar 1995|
|Date of revision:||19 Jul 1995|
|Note:||Postscript file contains EPSF graphs and includes all non-standard fonts. It is UNIX compressed.|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Sah, Raaj Kumar & Stiglitz, Joseph E, 1988. "Committees, Hierarchies and Polyarchies," Economic Journal, Royal Economic Society, vol. 98(391), pages 451-70, June.
- Katzner, Donald W., 1995. "Participatory decision-making in the firm," Journal of Economic Behavior & Organization, Elsevier, vol. 26(2), pages 221-236, March.
When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpot:9503001. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA)
If references are entirely missing, you can add them using this form.