Strategic communication in committees with expressive payoffs

Breitmoser Y, Valasek J (2024)
RAND Journal of Economics 55(1): 33-54.

Zeitschriftenaufsatz | Veröffentlicht | Englisch
 
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Autor*in
Breitmoser, YvesUniBi; Valasek, Justin
Abstract / Bemerkung
This article explores information aggregation and strategic communication in settings where committee members are held accountable, formally or informally, for their individual voting decisions. We show that if decisions are made via majority voting, expressive payoffs introduce a free-rider problem that prevents the committee from communicating truthfully and taking optimal decisions. In contrast, if decisions are made by unanimity, free-riding is mitigated because all agents are responsible for the committee's decision. In a controlled laboratory experiment, we find that under unanimity subjects are more truthful and are ultimately more likely to take the optimal decision.
Erscheinungsjahr
2024
Zeitschriftentitel
RAND Journal of Economics
Band
55
Ausgabe
1
Seite(n)
33-54
ISSN
0741-6261
eISSN
1756-2171
Page URI
https://pub.uni-bielefeld.de/record/2987513

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Breitmoser Y, Valasek J. Strategic communication in committees with expressive payoffs. RAND Journal of Economics. 2024;55(1):33-54.
Breitmoser, Y., & Valasek, J. (2024). Strategic communication in committees with expressive payoffs. RAND Journal of Economics, 55(1), 33-54. https://doi.org/10.1111/1756-2171.12457
Breitmoser, Yves, and Valasek, Justin. 2024. “Strategic communication in committees with expressive payoffs”. RAND Journal of Economics 55 (1): 33-54.
Breitmoser, Y., and Valasek, J. (2024). Strategic communication in committees with expressive payoffs. RAND Journal of Economics 55, 33-54.
Breitmoser, Y., & Valasek, J., 2024. Strategic communication in committees with expressive payoffs. RAND Journal of Economics, 55(1), p 33-54.
Y. Breitmoser and J. Valasek, “Strategic communication in committees with expressive payoffs”, RAND Journal of Economics, vol. 55, 2024, pp. 33-54.
Breitmoser, Y., Valasek, J.: Strategic communication in committees with expressive payoffs. RAND Journal of Economics. 55, 33-54 (2024).
Breitmoser, Yves, and Valasek, Justin. “Strategic communication in committees with expressive payoffs”. RAND Journal of Economics 55.1 (2024): 33-54.
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