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Three-agent Peer Evaluation

Vicki Knoblauch ()

No 2008-28, Working papers from University of Connecticut, Department of Economics

Abstract: I show that every rule for dividing a dollar among three agents impartially (so that each agent's share depends only on her evaluation by her associates) underpays some agent by at least one-third of a dollar for some consistent profile of evaluations. I then produce an impartial division rule that never underpays or overpays any agent by more than one-third of a dollar, and for most consistent evaluation profiles does much better.

Keywords: division function; impartial; consensual (search for similar items in EconPapers)
JEL-codes: D63 D70 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2008-08
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Journal Article: Three-agent peer evaluation (2009) Downloads
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