Peer assessment or peer evaluation can mean many thingsa means of raising the bar by exposing students to exceptionally good (or bad) solutions; peer grading of homework, quizzes, etc.; and an aid to improving team performance or determining individual effort and individual grades on team projects. For the purposes of the present discussion, peer assessment or peer evaluation is a process in which faculty members adjust individual grades for team assignments by using data collected by asking team members to evaluate each team member. Peer assessment or peer evaluation is not the same as peer grading.

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References for further information

1. Kaufman, D.B., Felder, R.M., and Fuller, H. (2000), "Accounting for Individual Effort in Cooperative Learning Teams," J. Engineering Education, 89(2), 133140.
   
2. Van Duzer, E., and McMartin, F. (1999), "Building Better Teamwork Assessments:  A Process for Improving the Validity and Sensitivity of Self/Peer Ratings," Proceedings, ASEE Conference.
3. Brown, R.W. (1995), "Autorating:  Getting Individual Marks from Team Marks and Enhancing Teamwork," Proceedings, FIE Conference.

http://www.eas.asu.edu/~asufc/teaminginfo/teams.html
http://www.uoregon.edu/~bartj/pae/peer-eval.html
http://arapaho.nsuok.edu/~legatski/4213Peer.htm
http://iluvatar.lcps.k12.nm.us/manual/eval/peer.html