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|z 9781484381175
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Morgan, John.
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|a The Limits of Meritocracy /
|c John Morgan, Justin Tumlinson, Felix Vardy.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2018.
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|a 1 online resource (87 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|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.
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|a Mode of access: Internet
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|a Aggregate Output
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|a Efficiency
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|a Level Playing Field
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|a Meritocracy
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|a WP
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|a Netherlands, The
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|a Tumlinson, Justin.
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|a Vardy, Felix.
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|a IMF Working Papers; Working Paper ;
|v No. 2018/231
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2018/231/001.2018.issue-231-en.xml
|z IMF e-Library
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