Skill, value and remuneration in committees

Ruth Ben-Yashar and Shmuel Nitzan

Economics Letters, 2019, vol. 174, issue C, 93-95

Abstract: Relatively modest difference in individual decisional skills may warrant substantial inequality in personal remunerations. This implies that the return on investment in decisional skills may be very high. These claims are illustrated applying the uncertain dichotomous choice setting while clarifying the complex relationship between the individual skills, the individual optimal decisional weights and the skill-dependent values, i.e., the individual probabilities to be pivotal.

Keywords: Decisional skills; Optimal decisional weights; Skill-dependent power; Remuneration (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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Working Paper: Skill, Value and Remuneration in Committees (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:174:y:2019:i:c:p:93-95

DOI: 10.1016/j.econlet.2018.10.037

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