Please use this identifier to cite or link to this item: http://scholarbank.nus.edu.sg/handle/10635/44794
Title: Variable evaluation costs and the design of fallible hierarchies and polyarchies
Authors: Koh, W.T.H. 
Issue Date: 1992
Source: Koh, W.T.H. (1992). Variable evaluation costs and the design of fallible hierarchies and polyarchies. Economics Letters 38 (3) : 313-318. ScholarBank@NUS Repository.
Abstract: 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.
Source Title: Economics Letters
URI: http://scholarbank.nus.edu.sg/handle/10635/44794
ISSN: 01651765
Appears in Collections:Staff Publications

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