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Article: Conflicts and common interests in committees

TitleConflicts and common interests in committees
Authors
KeywordsBusiness and economics
Economic situation and conditions business and economics
Economic systems and theories, economic history
Issue Date2001
PublisherAmerican Economic Association. The Journal's web site is located at http://www.aeaweb.org/aer/index.php
Citation
American Economic Review, 2001, v. 91 n. 5, p. 1478-1497 How to Cite?
AbstractCommittees improve decisions by pooling members' independent information, but promote manipulation, obfuscation, and exaggeration of private information when members have conflicting preferences. Committee decision procedures transform continuous data into ordered ranks through voting. This coarsens the transmission of information, but controls strategic manipulations and allows some degree of information sharing. Each member becomes more cautious in casting the crucial vote than when he alone makes the decision based on own information. Increased quality of one member's information results in his casting the crucial vote more often. Committees make better decisions for members than does delegation. (JEL D71, D82, C72).
Persistent Identifierhttp://hdl.handle.net/10722/48713
ISSN
2015 Impact Factor: 3.833
2015 SCImago Journal Rankings: 8.048
References

 

DC FieldValueLanguage
dc.contributor.authorLi, Hen_HK
dc.contributor.authorRosen, Sen_HK
dc.contributor.authorSuen, Wen_HK
dc.date.accessioned2008-05-22T04:22:09Z-
dc.date.available2008-05-22T04:22:09Z-
dc.date.issued2001en_HK
dc.identifier.citationAmerican Economic Review, 2001, v. 91 n. 5, p. 1478-1497en_HK
dc.identifier.issn0002-8282en_HK
dc.identifier.urihttp://hdl.handle.net/10722/48713-
dc.description.abstractCommittees improve decisions by pooling members' independent information, but promote manipulation, obfuscation, and exaggeration of private information when members have conflicting preferences. Committee decision procedures transform continuous data into ordered ranks through voting. This coarsens the transmission of information, but controls strategic manipulations and allows some degree of information sharing. Each member becomes more cautious in casting the crucial vote than when he alone makes the decision based on own information. Increased quality of one member's information results in his casting the crucial vote more often. Committees make better decisions for members than does delegation. (JEL D71, D82, C72).en_HK
dc.format.extent228469 bytes-
dc.format.extent242007 bytes-
dc.format.mimetypeapplication/pdf-
dc.format.mimetypeapplication/pdf-
dc.languageengen_HK
dc.publisherAmerican Economic Association. The Journal's web site is located at http://www.aeaweb.org/aer/index.phpen_HK
dc.relation.ispartofAmerican Economic Reviewen_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.rightsThe American Economic Review. Copyright © 2001 by American Economic Association.en_HK
dc.subjectBusiness and economicsen_HK
dc.subjectEconomic situation and conditions business and economicsen_HK
dc.subjectEconomic systems and theories, economic historyen_HK
dc.titleConflicts and common interests in committeesen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0002-8282&volume=91&issue=5&spage=1478&epage=1497&date=2001&atitle=Conflicts+and+Common+Interests+in+Committeesen_HK
dc.identifier.emailSuen, W: hrneswc@hkucc.hku.hken_HK
dc.identifier.authoritySuen, W=rp00066en_HK
dc.description.naturepostprinten_HK
dc.identifier.scopuseid_2-s2.0-0039147891en_HK
dc.identifier.hkuros71120-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0039147891&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume91en_HK
dc.identifier.issue5en_HK
dc.identifier.spage1478en_HK
dc.identifier.epage1497en_HK
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridLi, H=25960883900en_HK
dc.identifier.scopusauthoridRosen, S=7401609511en_HK
dc.identifier.scopusauthoridSuen, W=7006977946en_HK

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