The Limits of Meritocracy /

We show that too much meritocracy, modeled as accuracy of performance ranking in contests, can be a bad thing: in contests with homogeneous agents, it reduces output and is Pareto inefficient. In contests with sufficiently heterogeneous agents, discouragement and complacency effects further reduce t...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Morgan, John
مؤلفون آخرون: Tumlinson, Justin, Vardy, Felix
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2018.
سلاسل:IMF Working Papers; Working Paper ; No. 2018/231
الموضوعات:
الوصول للمادة أونلاين:Full text available on IMF
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245 1 4 |a The Limits of Meritocracy /  |c John Morgan, Justin Tumlinson, Felix Vardy. 
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520 3 |a We show that too much meritocracy, modeled as accuracy of performance ranking in contests, can be a bad thing: in contests with homogeneous agents, it reduces output and is Pareto inefficient. In contests with sufficiently heterogeneous agents, discouragement and complacency effects further reduce the benefits of meritocracy. Perfect meritocracy may be optimal only for intermediate levels of heterogeneity. 
538 |a Mode of access: Internet 
650 7 |a Aggregate Output  |2 imf 
650 7 |a Efficiency  |2 imf 
650 7 |a Level Playing Field  |2 imf 
650 7 |a Meritocracy  |2 imf 
650 7 |a WP  |2 imf 
651 7 |a Netherlands, The  |2 imf 
700 1 |a Tumlinson, Justin. 
700 1 |a Vardy, Felix. 
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