Majority Vote on Educational Standards
The direct democratic choice of an examination standard, i.e., a performance level required to graduate, is evaluated against a utilitarian welfare function. It is shown that the median preferred standard is inefficiently low if the marginal cost of reaching a higher performance reacts more sensitively to ability for high than for low abilities, and if the right tail of the ability distribution is longer than the left tail. Moreover, a high number of agents who choose not to graduate may imply that the median preferred standard is inefficiently low even if these conditions fail.
|Date of creation:||2013|
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- Sergey V. Popov & Dan Bernhardt, 2013.
"University Competition, Grading Standards, And Grade Inflation,"
Western Economic Association International, vol. 51(3), pages 1764-1778, 07.
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- Lydia Mechtenberg, 2006. "Cheap Talk in the Classroom," SFB 649 Discussion Papers SFB649DP2006-019, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany. Full references (including those not matched with items on IDEAS)
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