Abstract
We analyze the ‘optimal’ size of non-deliberating majoritarian committees with no conflict of interest among its members when committees can be persuaded by a biased and informed expert. We find that when this bias is small, the optimal size is one; when it is intermediate, the optimal size increases monotonically in the precision of members’ private information; when it is large this relation is non-monotonic. However the optimal committee-size never exceeds five. We also show that biased persuasion typically hurts a
larger committee more severely. These results provide important implications on issues like universal enfranchisement, role of expert commentary in a democracy or size of governing boards in firms.
larger committee more severely. These results provide important implications on issues like universal enfranchisement, role of expert commentary in a democracy or size of governing boards in firms.
Original language | English |
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Place of Publication | Bath, U. K. |
Publisher | Department of Economics, University of Bath |
Publication status | Published - 3 Jul 2017 |
Publication series
Name | Bath Economics Research Working Papers |
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Volume | 43/15 |