The intrinsic value of decision rights: A replication and an extension to team decision making

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2023
Volume: 209
Issue: C
Pages: 560-571

Authors (3)

Buffat, Justin (not in RePEc) Praxmarer, Matthias (not in RePEc) Sutter, Matthias (Universität zu Köln)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We present a replication of Bartling et al. (2014) who developed an experiment to measure the intrinsic value of decision rights. We can confirm their seminal results for individuals with remarkable accuracy, thus strongly confirming the prior of a robust result. Motivated by the observation that team decision making is ubiquitous, we then extend their design by studying how teams value decision rights. In the aggregate, we find no differences between individuals and teams. However, in our exploratory analysis, we uncover an important heterogeneity: teams with a smooth decision making process have much lower intrinsic values of decision rights than individuals, but teams with internal conflicts have much higher values, thus distorting decisions.

Technical Details

RePEc Handle
repec:eee:jeborg:v:209:y:2023:i:c:p:560-571
Journal Field
Theory
Author Count
3
Added to Database
2026-01-29