Suchergebnisse

This is a survey on the recent game theoretic literature on committee decision making. We consider theoretical work on the role of (i) strategic voting, (ii) costly information acquisition, (iii) conflicting interests, & (iv) communication in committees. Moreover, we review recent experimental evidence on these issues. Our analysis focuses on the optimal size, composition, & decision rules of committees. We also finally discuss implications for the design of monetary policy committees. Figures, References. [Copyright 2005 Elsevier B.V.]