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Information acquisition and transparency in committees

✍ Scribed by Hans Gersbach; Volker Hahn


Book ID
113020676
Publisher
Springer-Verlag
Year
2011
Tongue
English
Weight
275 KB
Volume
41
Category
Article
ISSN
0020-7276

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We propose a model of sequential voting in committees, where members use their individual votes to signal high efficiency in their bid to become re-appointed. Transparency precludes efficient information aggregation, and thus decreases the utility of the principal in the first period; it may be bene