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Casella, Alessandra - C.E.P.R. Discussion Papers - 2002

but novel voting scheme for binary decisions taken by committees that meet regularly over time. At each meeting, committee …

Persistent link: https://www.econbiz.de/10005067626

Storable Votes and Agenda Order Control. Theory and Experiments

Casella, Alessandra - C.E.P.R. Discussion Papers - 2008

The paper studies a voting scheme where members of a committee voting sequentially on a known series of binary … simple majority voting. But if one of the voters controls the order of the agenda, does the scheme become less efficient? The …

Persistent link: https://www.econbiz.de/10005123593

Gender Differences in Honesty: Groups Versus Individuals

Muehlheusser, Gerd; Roider, Andreas; Wallmeier, Niklas - C.E.P.R. Discussion Papers - 2014

Extending the die rolling experiment of Fischbacher and Föllmi-Heusi (2013), we compare gender effects with respect to unethical behavior by individuals and by two-person groups. In contrast to individual decisions, gender matters strongly under group decisions. We find more lying in male...

Persistent link: https://www.econbiz.de/10011145435

Time to Decide: Information Search and Revelation in Groups

Campbell, Arthur; Ederer, Florian; Spinnewijn, Johannes - C.E.P.R. Discussion Papers - 2011

We analyze costly information acquisition and information revelation in groups in a dynamic setting. Even when group members have perfectly aligned interests the group may inefficiently delay decisions. When deadlines are far away, uninformed group members freeride on each others' efforts to...

Persistent link: https://www.econbiz.de/10009246605

First Impressions Matter: Signalling as a Source of Policy Dynamics

Hansen, Stephen; McMahon, Michael - C.E.P.R. Discussion Papers - 2013

We provide the first direct empirical support for the relevance of signalling in monetary policy. In our dynamic model, central bankers make policy under uncertain inflationary conditions and place different weights on output fluctuations. Signalling leads all bankers to be tougher on inflation...

Persistent link: https://www.econbiz.de/10011084410

Hawks and Doves at the FOMC

Eijffinger, Sylvester C W; Mahieu, Ronald J; Raes, Louis - C.E.P.R. Discussion Papers - 2015

from FOMC transcipts and estimate a hierarchical spatial voting model. We find a clear difference between the average Board …

Persistent link: https://www.econbiz.de/10011184080

An Experimental Study of Storable Votes

Casella, Alessandra; Gelman, Andrew; Palfrey, Thomas R - C.E.P.R. Discussion Papers - 2003

The storable votes mechanism is a method of voting for committees that meet periodically to consider a series of binary … voting with non-storable votes. The equilibrium strategies have a very intuitive feature – the number of votes cast must be …

Persistent link: https://www.econbiz.de/10005662312

Information Acquisition and Transparency in Committees

Gersbach, Hans; Hahn, Volker - C.E.P.R. Discussion Papers - 2008

We study a two-period model of committee decision-making where members differ in their levels of efficiency. They may acquire costly information that enhances their ability to make a correct decision. We focus on the impact of transparency. We show that the principal's initial utility is higher...

Persistent link: https://www.econbiz.de/10005788900

Why a Group Needs a Leader: Decision-making and Debate in Committees.

Dessein, Wouter - C.E.P.R. Discussion Papers - 2007

I develop a model of group decision-making, in which a committee generates proposals and holds open discussions, but the ultimate decision is either taken by a leader (decision by authority) or by majority vote. Optimal communication processes are studied that combine both cheap talk statements...

Persistent link: https://www.econbiz.de/10005792030

Efficiency, Equity and Timing in Voting Mechanisms

Battaglini, Marco; Morton, Rebecca; Palfrey, Thomas R - C.E.P.R. Discussion Papers - 2005

, when voting is costly and information is incomplete. In many real political institutions, ranging from small committees to …We compare the behaviour of voters, depending on whether they operate under sequential and simultaneous voting rules … mass elections, voting is sequential, which allows some voters to know the choices of earlier voters. For a stylized model …

Persistent link: https://www.econbiz.de/10005123765