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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'├ęconomie 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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