Decision‐making in committees
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 …
committee consists of self‐interested members who make a public decision by aggregating …
Decisions in organizations
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 …
how, when, and where (and then actually getting it done) requires decisions, and making …
Persuasion meets delegation
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 …
discretion (the delegation problem). We show that these problems are generally equivalent …
Delegating performance evaluation
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 …
a reviewer. The reviewer may be biased in favor of the agents, but the degree of bias is …
Optimal sequential delegation
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 …
agent initially has private information merely about the distribution of the state and learns the …
Optimal limited authority for principal
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 …
principal is to restrict the set of decisions she makes following a report by the informed …
Accept or reject? An organizational perspective
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 …
decision of accepting or rejecting a project of uncertain quality. When the principal is …
Incomplete contracts versus communication
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 …
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 …
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 …
is unknown. Experts play a particularly important role in such complex environments. We …