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Decision Making in Committees: Transparency, Reputation, and Voting Rules /

개인저자
Levy, Gilat
수록페이지
150-168 p.
발행일자
2007.03.05
출판사
American Economic Association
초록
[영문]AbstractIn this paper I analyze the effect of transparency on decision making in committees. I focus on committees whose members are motivated by career concerns. The main result is that when the decision-making process is secretive (when individual votes are not revealed to the public), committee members comply with preexisting biases. For example, if the voting rule demands a supermajority to accept a reform, individuals vote more often against reforms. Transparent committees are therefore more likely to accept reforms. I also find that coupled with the right voting rule, a secretive procedure may induce better decisions than a transparent one.