A Resurrection of the Condorcet Jury theorem

Yukio Koriyama (1) , Balazs Szentes (2)

1 X-DEP-ECO - Département d'Économie de l'École Polytechnique
2 UCL - University College of London [London]

This paper analyzes the optimal size of a deliberating committee where, (i) there is no conflict of interest among individuals, and (ii) information acquisition is costly. The committee members simultaneously decide whether or not to acquire information, and then, they make the ex-post efficient decision.

Domaines: Science politique

Yukio Koriyama, Balazs Szentes. A Resurrection of the Condorcet Jury theorem. Theoretical Economics, 2009, 4, pp.227-252. ⟨hal-00391197⟩