In the classical literature of innovation-based endogenous growth, the main engine of long run economic growth is firm entry. Nevertheless, when projects are heterogeneous, and good ideas are scarce, a mass-composition trade off is introduced into this link: larger cohorts are characterized by a...

Project evaluation is one of crucial step where the decision makers should decide which one of the project produce more benefit and increase effectiveness or more efficiency within constraint of investment budget. The project objective is creating additional outcome where the project led...