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Google圖書搜尋
The Limits of Meritocracy
Mr.John Morgan
Justin Tumlinson
Mr.Felix J Vardy
出版
International Monetary Fund
, 2018-11-01
主題
Business & Economics / Finance / General
Business & Economics / Economics / Macroeconomics
Business & Economics / Budgeting
ISBN
1484381173
9781484381175
URL
http://books.google.com.hk/books?id=up8ZEAAAQBAJ&hl=&source=gbs_api
EBook
SAMPLE
註釋
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.
