Barbos, Andrei (2012): Imperfect Evaluation in Project Screening.
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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.
|Item Type:||MPRA Paper|
|Original Title:||Imperfect Evaluation in Project Screening|
|Keywords:||Evaluation; Project Screening; Regulatory Burden|
|Subjects:||D - Microeconomics > D0 - General > D02 - Institutions: Design, Formation, and Operations
D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D82 - Asymmetric and Private Information; Mechanism Design
L - Industrial Organization > L5 - Regulation and Industrial Policy > L50 - General
|Depositing User:||Andrei Barbos|
|Date Deposited:||24. Aug 2012 15:49|
|Last Modified:||22. Feb 2013 18:46|
Barbos, A., (2012) "Project Screening with Tiered Evaluation," working paper, University of South Florida.
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