Using a setting in which an employer seeks information about talent in order to achieve a proper match between talent levels and tasks, we provide a comparative analysis of two performance evaluation systems widely used in practice ― an absolute performance evaluation system (APE) and a...

Public service spending is an important issue with great economic, social and political ramifications. Consequently, correct measurements with respect to productivity evaluation of such expenditures is of paramount significance. Motivated by evaluating public services from a non-parametric...

Within an asset allocation framework, when the number of assets is larger than the sample dimension, mean-variance approaches cannot be used due to the limited number of degrees of freedom. In such a situation, performance measures could be used to rank assets, and then select a subset of them...