A Model of Management Teams

Eduardo Ley and Mark Steel

Edinburgh School of Economics Discussion Paper Series from Edinburgh School of Economics, University of Edinburgh

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.

Keywords: management team size; committee size; Kalman filter (search for similar items in EconPapers)
JEL-codes: D71 D89 L20 (search for similar items in EconPapers)
Pages: 16
Date: 1995-07
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http://www.econ.ed.ac.uk/papers/id24_esedps.pdf

Related works:
Journal Article: A model of management teams (1998)
Working Paper: A Model of Management Teams (1995)
Working Paper: A model of management teams (1995)
Working Paper: A model of management teams (1995)
Working Paper: A Model of Management Teams (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:edn:esedps:24

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