Abstract: |
Success of a policy often requires both that a good policy be adopted, and
that the public or firms correctly anticipate what policy government will
adopt. This paper models a relation between committee size and the
effectiveness of policy, with a focus on how the accuracy of the public’s
expectations varies with the size of the governmental committee setting
policy. The paper also argues that the demand for access by special interest
groups may arise not from a desire to influence policy, but from a desire to
learn about government’s likely actions. |