Imperfect Evaluation in Project Screening
This paper studies a model in which an agent considers proposing a project of unknown quality to an evaluator, who decides whether or not to accept it. First, we show that there exist instances where an agent with a better track record of producing high-quality projects should be subjected to more stringent standards. Second, we show that an increase in the submission fee may lead to a decrease in the quality of projects that are implemented because of its effects on the evaluator's acceptance policy.
|Date of creation:||14 Jun 2012|
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- Ralph Boleslavsky & Christopher Cotton, 2011.
"Learning More by Doing Less,"
2011-6, University of Miami, Department of Economics.
- Andrei Barbos, 2013.
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- Azar, Ofer H., 2002.
"The slowdown in first-response times of economics journals: Can it be beneficial?,"
4478, University Library of Munich, Germany.
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- Curtis R. Taylor & Huseyin Yildirim, 2011. "Subjective Performance and the Value of Blind Evaluation," Review of Economic Studies, Oxford University Press, vol. 78(2), pages 762-794.
- Josepa Miquel-Florensa, 2010. "“Tell me what you need”: signaling with limited resources," Journal of Economics, Springer, vol. 99(1), pages 1-28, February.
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