Variable Evaluation Costs and the Design of Fallible Hierarchies and Polyarchies

We show that when there are variable evaluation costs, the optimal screening standards in a hierarchy (polyarchy) should become less (more) stringent at higher levels. Also, simple reorganization of the optimal hierarchy or polyarchy may not improve net profits, although results from information the...

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Main Author:	Koh, Winston T. H.
Format:	text
Language:	English
Published:	Institutional Knowledge at Singapore Management University 1992
Subjects:	Economics
Online Access:	https://ink.library.smu.edu.sg/soe_research/168
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Institution:	Singapore Management University
Language:	English

id	sg-smu-ink.soe_research-1167
record_format	dspace
spelling	sg-smu-ink.soe_research-11672010-09-23T05:48:03Z Variable Evaluation Costs and the Design of Fallible Hierarchies and Polyarchies Koh, Winston T. H. We show that when there are variable evaluation costs, the optimal screening standards in a hierarchy (polyarchy) should become less (more) stringent at higher levels. Also, simple reorganization of the optimal hierarchy or polyarchy may not improve net profits, although results from information theory show that gross profits can be increased. 1992-01-01T08:00:00Z text https://ink.library.smu.edu.sg/soe_research/168 info:doi/10.1016/0165-1765(92)90077-c Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Economics
institution	Singapore Management University
building	SMU Libraries
continent	Asia
country	Singapore Singapore
content_provider	SMU Libraries
collection	InK@SMU
language	English
topic	Economics
spellingShingle	Economics Koh, Winston T. H. Variable Evaluation Costs and the Design of Fallible Hierarchies and Polyarchies
description	We show that when there are variable evaluation costs, the optimal screening standards in a hierarchy (polyarchy) should become less (more) stringent at higher levels. Also, simple reorganization of the optimal hierarchy or polyarchy may not improve net profits, although results from information theory show that gross profits can be increased.
format	text
author	Koh, Winston T. H.
author_facet	Koh, Winston T. H.
author_sort	Koh, Winston T. H.
title	Variable Evaluation Costs and the Design of Fallible Hierarchies and Polyarchies
title_short	Variable Evaluation Costs and the Design of Fallible Hierarchies and Polyarchies
title_full	Variable Evaluation Costs and the Design of Fallible Hierarchies and Polyarchies
title_fullStr	Variable Evaluation Costs and the Design of Fallible Hierarchies and Polyarchies
title_full_unstemmed	Variable Evaluation Costs and the Design of Fallible Hierarchies and Polyarchies
title_sort	variable evaluation costs and the design of fallible hierarchies and polyarchies
publisher	Institutional Knowledge at Singapore Management University
publishDate	1992
url	https://ink.library.smu.edu.sg/soe_research/168
_version_	1770569054966251520

Variable Evaluation Costs and the Design of Fallible Hierarchies and Polyarchies

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