✦ LIBER ✦

A model of management teams

✍ Scribed by Eduardo Ley; Mark F.J. Steel

Publisher: John Wiley and Sons
Year: 1998
Tongue: English
Weight: 99 KB
Volume: 19
Category: Article
ISSN: 0143-6570
DOI: 10.1002/(sici)1099-1468(199809)19:6<355::aid-mde903>3.0.co;2-y

No coin nor oath required. For personal study only.

✦ Synopsis

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.

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