Participation, decision aggregation and internal information gathering in organizational decision making

This paper proposes a stylized theory that focuses on the determination of the structure of decision making within teams. This structure consists of two elements: the allocation of decisional power among the team members, and the degree of information acquisition on their quality. The suggested approach is applied in the special context of pairwise organizational choice for evaluating the performance of a class of decision rules, the value of participation in organizational decision making, the value of information on the quality of the available decision makers, and the efficiency loss associated with common restrictions on the design of the corporate's structure of decision making.