The role of regional information in the optimal composition of a committee

Philipp Maier (), Beata K. Bierut and Robert-Paul Berben
Additional contact information
Beata K. Bierut: The Netherlands Central Bank

Macroeconomics from University Library of Munich, Germany

Abstract: In this paper we present a model for the optimal composition of a federal or supra-national committee. The involvement of regional (national) entities in federal committees is typically motivated by their knowledge of regional information about the state of the economy. Using this argument we show that if the uncertainties regarding the state of the economy are not evenly distributed across the currency area, the optimal representation of regions in the federal committee increases with the overall uncertainty about their economic performance. Second, if certain parts of the economic area behave in a relatively synchronized way, it may not be necessary that all these regions are equally represented in the federal committee.

Keywords: Composition of a committee; currency union; optimal representation; information uncertainty (search for similar items in EconPapers)
JEL-codes: E50 E58 F33 (search for similar items in EconPapers)
Date: 2003-09-20
New Economics Papers: this item is included in nep-ifn and nep-pol
Note: Type of Document - LaTeX
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/mac/papers/0309/0309014.pdf (application/pdf)

Related works:
Journal Article: The role of regional information in the optimal composition of a committee (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpma:0309014

Access Statistics for this paper

More papers in Macroeconomics from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).