Along with incentive schemes, another well-established way to align the interests of principals and agents and, consequently, to reduce and eliminate biases and errors is the practice of monitoring. Considering the monitoring of experts, we evaluate the introduction of the most recent monitoring...

In this paper, we explain the stability of top university ranks and discuss attempts to create top national universities. Firstly, it is shown theoretically that in a world with differently-gifted poor and rich students, a three-tier university system may become very stable, with a super league...