Corruption in committees: An experimental study of information aggregation through voting

Rebecca Morton, Jean-Robert Tyran

Veröffentlichungen: Beitrag in FachzeitschriftArtikelPeer Reviewed

Abstract

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.

OriginalspracheEnglisch
Seiten (von - bis)553 - 579
Seitenumfang27
FachzeitschriftJournal of Public Economic Theory
Jahrgang17
Ausgabenummer4
DOIs
PublikationsstatusVeröffentlicht - Aug. 2015

ÖFOS 2012

  • 502045 Verhaltensökonomie
  • 502021 Mikroökonomie

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