Project Screening with Tiered Evaluation
We study a Bayesian game of two-sided incomplete information in which an agent, who owns a project of unknown quality, considers proposing it to an evaluator, who has the choice of whether or not to accept it. There exist two distinct tiers of evaluation that differ in the benefits they deliver to the agent upon acceptance of a project. The agent has to select the tier to which the project is submitted for review. Making a proposal incurs a cost on the agent in the form of a submission fee. We examine the effect of a change in the submission fees at the two tiers of evaluation on the expected quality of projects that are implemented by the evaluator.
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"Learning more by doing less,"
2012-1, University of Miami, Department of Economics.
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- David Gill & Daniel Sgroi, 2011.
"The Optimal Choice of Pre-Launch Reviewer,"
Economics Series Working Papers
562, University of Oxford, Department of Economics.
- Gill, David & Sgroi, Daniel, 2010. "The optimal choice of pre-launch reviewer," Discussion Paper Series In Economics And Econometrics 1017, Economics Division, School of Social Sciences, University of Southampton.
- Derek Leslie, 2005. "Are Delays in Academic Publishing Necessary?," American Economic Review, American Economic Association, vol. 95(1), pages 407-413, March.
- Andrei Barbos, 2014.
"Imperfect evaluation in project screening,"
Journal of Economics,
Springer, vol. 112(1), pages 31-46, May.
- Emmanuel Farhi & Josh Lerner & Jean Tirole, 2008.
"Fear of Rejection? Tiered Certification and Transparency,"
NBER Working Papers
14457, National Bureau of Economic Research, Inc.
- Emmanuel Farhi & Josh Lerner & Jean Tirole, 2013. "Fear of rejection? Tiered certification and transparency," RAND Journal of Economics, RAND Corporation, vol. 44(4), pages 610-631, December.
- Emmanuel Farhi & Josh Lerner & Jean Tirole, "undated". "Fear of Rejection? Tiered Certification and Transparency," Working Paper 78856, Harvard University OpenScholar.
- Becker, Gary S, 1973. "A Theory of Marriage: Part I," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 813-846, July-Aug..
- Josh Lerner & Jean Tirole, 2006. "A Model of Forum Shopping," American Economic Review, American Economic Association, vol. 96(4), pages 1091-1113, September.
- Heintzelman Martin & Nocetti Diego, 2009. "Where Should we Submit our Manuscript? An Analysis of Journal Submission Strategies," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 9(1), pages 1-28, September.
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