Decision‐making in committees

L Hao, W Suen - … Journal of Economics/Revue canadienne d' …, 2009 - Wiley Online Library
This article reviews recent developments in the theory of committee decision‐making. A
committee consists of self‐interested members who make a public decision by aggregating …

Decisions in organizations

R Gibbons, N Matouschek, J Roberts - The handbook of …, 2013 - degruyter.com
Organizations exist largely to get things done. Determining what should be done, by whom,
how, when, and where (and then actually getting it done) requires decisions, and making …

Persuasion meets delegation

A Kolotilin, A Zapechelnyuk - arxiv preprint arxiv:1902.02628, 2019 - arxiv.org
A principal can restrict an agent's information (the persuasion problem) or restrict an agent's
discretion (the delegation problem). We show that these problems are generally equivalent …

Delegating performance evaluation

I Letina, S Liu, N Netzer - Theoretical Economics, 2020 - Wiley Online Library
We study optimal incentive contracts with multiple agents when performance is evaluated by
a reviewer. The reviewer may be biased in favor of the agents, but the degree of bias is …

Optimal sequential delegation

D Krähmer, E Kováč - Journal of Economic Theory, 2016 - Elsevier
The paper extends the optimal delegation framework to a dynamic environment where the
agent initially has private information merely about the distribution of the state and learns the …

Optimal limited authority for principal

A Kolotilin, H Li, W Li - Journal of Economic Theory, 2013 - Elsevier
This article studies a principal-agent problem where the only commitment for the uninformed
principal is to restrict the set of decisions she makes following a report by the informed …

Accept or reject? An organizational perspective

U Garfagnini, M Ottaviani, PN Sørensen - International Journal of Industrial …, 2014 - Elsevier
This paper compares the relative performance of different organizational structures for the
decision of accepting or rejecting a project of uncertain quality. When the principal is …

Incomplete contracts versus communication

A Blume, I Deimen, S Inoue - Journal of Economic Theory, 2022 - Elsevier
We consider a principal's choice between either controlling an agent's action through an
incomplete contract or guiding him through non-binding communication. The principal …

[PDF][PDF] Efficient Cheap Talk in Complex Environments

YC Aybas, S Callander - 2023 - gsb-faculty.stanford.edu
We study the strategic provision of expert advice in a variation of the classic senderreceiver
game in which the environment is complex, so knowledge of the sender's preferred action …

[PDF][PDF] Cheap Talk in Complex Environments

YC Aybas, S Callander - 2024 - gsb-faculty.stanford.edu
Decision making in practice is often difficult, with many actions to choose from and much that
is unknown. Experts play a particularly important role in such complex environments. We …