Barbos, Andrei (2012): Project Screening with Tiered Evaluation.
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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.
|Item Type:||MPRA Paper|
|Original Title:||Project Screening with Tiered Evaluation|
|Keywords:||Evaluation; Project Screening|
|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
|Depositing User:||Andrei Barbos|
|Date Deposited:||24. Aug 2012 15:51|
|Last Modified:||19. Feb 2013 20:03|
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