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...
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| Andre forfattere: | , |
| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
2018.
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| Serier: | IMF Working Papers; Working Paper ;
No. 2018/231 |
| Fag: | |
| Online adgang: | Full text available on IMF |