Good Rankings Are Bad: Why Reliable Rankings Can Hurt Consumers
---- Acknowledgments ----
We are grateful to Elena Arias Ortiz, Micael Castanheira, Thomas Gall, Alessandro Gavazza, Victor Ginsburgh, Alessandro Lizzeri, and Andy Newman for insightful comments. We also benefitted from the comments of the audiences at BU, ECARES, Université de Lausanne, and at the conference on Gaming Incentive Systems in Bonn. All remaining errors are ours. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.