Состоялось очередное заседание научного семинара "Политическая экономика"

Докладчик:    Sergey Stepanov  (NRU HSE)
Тема: "Biased Performance Evaluation in a Model of Career Concerns: Incentives versus Selection "

I study a career concerns model in which the principal obtains information about the agent’s performance from an intermediary (evaluator), whose interests diverge from those of the principal. I show that, while the evaluator’s bias leads to ex-post suboptimal decisions regarding the agent (e.g., inefficient promotion or dismissal), it may incentivize the agent to exert more effort. As a result, generally, a non-zero bias is optimal. I study how the optimal bias depends on various features of the environment. I further apply my framework to derive implications for optimal peer evaluation and promotion policies in organizations. 

Заседание состоялось 03.12.2013 в  18.15 по адресу: г. Москва, улица Шаболовка, дом 26, корпус 4, аудитория 4322.