A Model of Management Teams

Eduardo Ley and Mark Steel ()

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Abstract: 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.

JEL-codes: P Q Z (search for similar items in EconPapers)
Date: 1995-03-21, Revised 1995-07-19
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Related works:
Working Paper: A Model of Management Teams (1995)
Working Paper: A model of management teams (2004)
Journal Article: A model of management teams (1998)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpot:9503001

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