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- W2053659200 abstract "ABSTRACT Much of the production in firms takes place over time. This paper seeks to understand the value of interim performance information on long projects. In particular, the model explores the sorting effects of performance evaluations. Conducting an interim performance evaluation increases efficiency by providing the option to end projects with low early returns. The main result: It is efficient to allocate more resources towards the end of a project. This result holds under a variety of scenarios: when the worker has unknown ability, when the outside options vary with output, and even under an agency framework with a risk‐averse agent." @default.
- W2053659200 created "2016-06-24" @default.
- W2053659200 creator A5009088276 @default.
- W2053659200 date "2007-07-17" @default.
- W2053659200 modified "2023-10-16" @default.
- W2053659200 title "Performance Evaluations and Efficient Sorting" @default.
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- W2053659200 doi "https://doi.org/10.1111/j.1475-679x.2007.00253.x" @default.
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