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On The Dynamics of Standards
Oleh:
Sobel, Joel
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Rand Journal of Economics vol. 32 no. 4 (2001)
,
page 606-623.
Topik:
STANDARDS
;
dynamics
;
standards
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
RR10.5
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
I study a two - parameter family of rules governing the process of entry into a club. There are three types of agent : candidates desire to enter the club; judges vote on who should enter; elite are already in the club. Promotion requires that at least n of N judges agree that a candidate is at least as good as r of the R members of the elite. Candidates minimize the cost of acquiring a D - dimensional characteristic subject to satisfying the promotion criteria. The article characterizes how minimum entry standards change over time under different assumptions.
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