Committee decision making is examined in this study focusing on the role assigned to the committee members. In particular, we are concerned about the comparison between committee performance under specialization and non-specialization of the decision makers. -- project selection ; public policy...

The current note clarifies why, in committees, the prior probability of a correct collective choice might be of particular significance and possibly should sometimes even be the sole appropriate basis for making the collective decision. In particular, we present sufficient conditions for the...

This paper compares the determination of investment criteria in single- and multi-member organizations. Individual decisional skills are assumed to be endogenous variables that depend on the investment criteria. Our main result specifies the condition that determines the relationship between the...

In this note we study the robustness of optimal organizational architectures, focusing on hierarchies and polyarchies. These two specific architectures are often applied in economic systems and have received considerable attention in the literature. It turns out that the application of these...