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Optimal Design of Peer Review and Self-Assessment Schemes
Oleh:
Sjostrom, Tomas
;
Baliga, Sandeep
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Rand Journal of Economics vol. 32 no. 1 (2001)
,
page 27-51.
Topik:
DESIGN
;
optimal design
;
peer
;
self - assessment schemes
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
RR10.5
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
A principal must decide whether or not to implement a project which originated with one of her employees. Several employees have information about the quality of the project. A successfully implemented project raises the inventor's chance of promotion, at his peer's expense, but a failed project ruins the inventor's career. An employee who has a relatively good reputation (and therefore is happy with the status quo) must be encouraged to promote new ideas. An employee who has a relatively bad reputation (and therefore wants to change the status quo) must be prevented from exaggerating the quality of new ideas. We study incentive - compatible and renegotiation - proof mechanisms, and find that self - assessment (without any peer reports) is optimal.
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