Committee Design with Endogenous Participation

Volker Hahn

VfS Annual Conference 2016 (Augsburg): Demographic Change from Verein für Socialpolitik / German Economic Association

Abstract: We analyze different committee designs in a model with the endogenous participation of experts who have private information about their own abilities. Each committee design involves a test of abilities whose accuracy influences experts’ decisions to participate. We derive the following findings. First, higher wages lead to lower quality experts. Second, an increase in transparency improves the quality of experts on the committee. Third, larger committees attract less able experts than smaller ones, unless the committee operates under full transparency. Fourth, we derive the properties of optimal committees. They involve low wages and can be transparent or opaque.

JEL-codes: D71 D82 J45 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-mic
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Related works:
Journal Article: Committee design with endogenous participation (2017)
Working Paper: Committee Design with Endogenous Participation (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc16:145599

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