Optimal Quotas in Private Committees

Daniel Seidmann

Economic Journal, 2008, vol. 118, issue 525, 16-36

Abstract: According to conventional wisdom, raising the quota either causes a committee to retain the status quo or has no effect on its performance; so a committee which would otherwise select good decisions should operate with a low quota. We show that conventional wisdom may fail when members vote in private: raising the quota may prevent such a committee from retaining the status quo, and can cause it to switch between new decisions. Nevertheless, reducing the quota may improve a private committee's performance. Copyright 2008 The Author(s). Journal compilation Royal Economic Society 2008.

Date: 2008
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Journal Article: Optimal Quotas in Private Committees (2008)
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