Piecework versus merit pay: a mean field games approach to academic behavior
AbstractThis paper applies the mean field game approach pioneered by Lasry and Lions  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 InfoArticle provided by Dalloz in its journal Revue d'économie politique.
Volume (Year): 122 (2012)
Issue (Month): 4 ()
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Web page: http://www.cairn.info/revue-d-economie-politique.htm
Mean field game; Lotka's law; incentives; Academic research;
Other versions of this item:
- Damien Besancenot & Jean-Michel Courtault & Khaled El Dika, 2011. "Piecework versus merit pay: a Mean Fi eld Game approach to academic behavior," CEPN Working Papers halshs-00632171, HAL.
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