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A model of management teams
Author(s) -
Ley Eduardo,
Steel Mark F.J.
Publication year - 1998
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/(sici)1099-1468(199809)19:6<355::aid-mde903>3.0.co;2-y
Subject(s) - simple (philosophy) , covariance , operations research , computer science , operations management , industrial engineering , business , econometrics , management science , mathematical economics , economics , mathematics , statistics , engineering , philosophy , epistemology
We present a simple model of management teams where the time it takes to make decisions is related to the size of the committee. We characterize the situations where larger or smaller sizes of the management team are desirable depending on the covariance structure of the signals that the managers observe. © 1998 John Wiley & Sons, Ltd.