Gm. Vonfurstenberg, ACCOUNTABILITY AND A METRIC FOR CREDIBILITY AND COMPLIANCE, JITE. Journal of institutional and theoretical economics, 151(2), 1995, pp. 304-325
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.