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- W4360944704 abstract "We study committees that acquire information, deliberate, and vote. A member cares about state-dependent decision payoffs and his reputation for expertise. The state remains unobserved. In such environments, members’ internal reputations are based on deliberation patterns, while members’ external reputations are based on the observed group decision. We find that either form of reputation concerns creates strategic complementarity among members’ effort levels. Internal reputations create stronger incentives to become informed than external reputations. Their strength grows in committee size; external reputations create no incentives in large committees. Finally, reputation concerns may relax participation constraints." @default.
- W4360944704 created "2023-03-26" @default.
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- W4360944704 date "2023-05-01" @default.
- W4360944704 modified "2023-09-26" @default.
- W4360944704 title "Committees as active audiences: Reputation concerns and information acquisition" @default.
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- W4360944704 doi "https://doi.org/10.1016/j.jpubeco.2023.104875" @default.
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