Coarse Grades: Informing the Public by Withholding Information
نویسندگان
چکیده
منابع مشابه
Coarse Grades: Informing the Public by Withholding Information
Certifiers of quality often report only coarse grades to the public despite having measured quality more finely, e.g., “Pass” or “Certified” instead of “73 out of 100”. Why? We show that coarse grades result in more information being provided to the public because the coarseness encourages those of middling quality to apply for certification. Dropping exact grading in favor of the best coarse g...
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ژورنال
عنوان ژورنال: American Economic Journal: Microeconomics
سال: 2018
ISSN: 1945-7669,1945-7685
DOI: 10.1257/mic.20130078