Corruption in committees: An experimental study of information aggregation through voting
- Autor(en)
- Rebecca Morton, Jean-Robert Tyran
- Abstrakt
We investigate experimentally the effects of corrupt experts on information aggregation in committees. We find that nonexperts are significantly less likely to delegate through abstention when there is a probability that experts are corrupt. Such decreased abstention, when the probability of corrupt experts is low, actually increases information efficiency in committee decision-making. However, if the probability of corrupt experts is large, the effect is not sufficient to offset the mechanical effect of decreased information efficiency due to corrupt experts. Our results demonstrate that the norm of "letting the expert decide" in committee voting is influenced by the probability of corrupt experts, and that influence can have, to a limited extent, a positive effect on information efficiency.
- Organisation(en)
- Institut für Volkswirtschaftslehre, Wiener Zentrum für Experimentelle Wirtschaftsforschung
- Externe Organisation(en)
- New York University
- Journal
- Journal of Public Economic Theory
- Band
- 17
- Seiten
- 553 - 579
- Anzahl der Seiten
- 27
- ISSN
- 1097-3923
- DOI
- https://doi.org/10.1111/jpet.12153
- Publikationsdatum
- 08-2015
- Peer-reviewed
- Ja
- ÖFOS 2012
- 502045 Verhaltensökonomie, 502021 Mikroökonomie
- ASJC Scopus Sachgebiete
- Economics and Econometrics, Finance, Sociology and Political Science
- Link zum Portal
- https://ucrisportal.univie.ac.at/de/publications/corruption-in-committees-an-experimental-study-of-information-aggregation-through-voting(185dc08b-4577-4343-a90a-2e43125fc516).html