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Piecework versus merit pay: a mean field games approach to academic behavior

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  • Damien Besancenot
  • Jean-Michel Courtault
  • Khaled El Dika

Abstract

This paper applies the mean field game approach pioneered by Lasry and Lions [2007] to the analysis of researchers? academic productivity. It provides a theoretical motivation for the stability of the universally observed Lotka?s law. It shows that a remuneration scheme taking into account researchers? rank with respect to the academic resume can induce a larger number of researchers to overtake a minimal production standard. It thus appears as superior to piecework remuneration.

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Bibliographic Info

Article provided by Dalloz in its journal Revue d'économie politique.

Volume (Year): 122 (2012)
Issue (Month): 4 ()
Pages: 547-563

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Handle: RePEc:cai:repdal:redp_224_0547

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Web page: http://www.cairn.info/revue-d-economie-politique.htm

Related research

Keywords: Mean field game; Lotka's law; incentives; Academic research;

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References

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  1. Glenn Ellison, 2010. "How does the Market Use Citation Data? The Hirsch Index in Economics," CESifo Working Paper Series 3188, CESifo Group Munich.
  2. Combes, Pierre-Philippe & Linnemer, Laurent & Visser, Michael, 2008. "Publish or peer-rich? The role of skills and networks in hiring economics professors," Labour Economics, Elsevier, vol. 15(3), pages 423-441, June.
  3. Dubois, Pierre & Rochet, Jean-Charles & Schlenker, Jean-Marc, 2010. "What Does It Take to Become a Good Mathematician?," TSE Working Papers 10-160, Toulouse School of Economics (TSE).
  4. Jean-Michel Courtault & Naïla Hayek & Eric Rimbaux & Tong Zhu, 2010. "Research in Economics and Management in France: A bibliometric study using the h-index," Post-Print hal-00489936, HAL.
  5. Xavier Gabaix, 2009. "Power Laws in Economics and Finance," Annual Review of Economics, Annual Reviews, vol. 1(1), pages 255-294, 05.
  6. Pierre-Philippe COMBES & Laurent LINNEMER, 2001. "La publication d'articles de recherche en économie en France," Annales d'Economie et de Statistique, ENSAE, issue 62, pages 5-47.
  7. Louis Lévy-Garboua, 2008. "Rapport sur le premier concours national d'agrégation de l'enseignement supérieur pour le recrutement de Professeurs des Universités en Sciences Economiques (Année 2007-2008)," Revue d'économie politique, Dalloz, vol. 0(5), pages 603-623.
  8. Arthur M. Diamond Jr., 1986. "What is a Citation Worth?," Journal of Human Resources, University of Wisconsin Press, vol. 21(2), pages 200-215.
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