Working Papers from California Irvine - School of Social Sciences
Abstract:
Let an organization, such as a government or a firm, evaluate projects with the aim of maximizing social welfare or profits. Each project is evaluated by an agent, who may err. Some agents, however, are more likely to make a correct evaluation. Agents may revealed as making correct evaluations can be promoted to evaluate projects. The paper considers the optimal allocation of project evaluations to agents under these conditions.
Keywords:SOCIAL WELFARE; OPTIMIZATION (search for similar items in EconPapers) JEL-codes:C61D60 (search for similar items in EconPapers) Date: 2000
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More papers in Working Papers from California Irvine - School of Social Sciences Address: UNIVERSITY OF CALIFORNIA IRVINE, SCHOOL OF SOCIAL SCIENCES, IRVINECALIFORNIA 91717 U.S.A. Series data maintained by Thomas Krichel ().
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