ACCOUNTABILITY AND A METRIC FOR CREDIBILITY AND COMPLIANCE

Citation
Gm. Vonfurstenberg, ACCOUNTABILITY AND A METRIC FOR CREDIBILITY AND COMPLIANCE, JITE. Journal of institutional and theoretical economics, 151(2), 1995, pp. 304-325
Citations number
29
Categorie Soggetti
Economics
ISSN journal
09324569
Volume
151
Issue
2
Year of publication
1995
Pages
304 - 325
Database
ISI
SICI code
0932-4569(1995)151:2<304:AAAMFC>2.0.ZU;2-H
Abstract
When competence and habitual devotion to assigned tasks, rather than t ime consistency, are most at issue, past performance bears on the cred ibility of future commitments by the same agents. Yet there are no agr eed or readily communicable conventions for keeping score: It is not c lear what most scoring schemes could reveal about the degree of system atic effort made to meet announced goals and hence about the credibili ty of such goals in stochastic settings. This paper attempts to provid e scoring conventions and statistical measures that would yield a tran sparent metric for representing degrees of credibility and testing hyp otheses about them under controlled conditions.