Harbaugh, Rick; Rasmusen, Eric - Department of Business Economics and Public Policy, … - 2012
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...
