In pursuit for impeccable veracity
AbstractI study the institution of avoiding to hire one’s school own PhD graduates for assistant professorships. I argue that this institution is necessary to create better incentives for researchers to incorporate new information in studies, facilitating the convergence to asymptotic learning of the studied fundamentals.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 34414.
Date of creation: 18 Aug 2011
Date of revision: 31 Oct 2011
academic inbreeding; moral hazard; knowledge; information dissemination;
Other versions of this item:
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
- A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
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- Jovanovic, Boyan & Nyarko, Yaw, 1996.
"Learning by Doing and the Choice of Technology,"
Econometric Society, vol. 64(6), pages 1299-1310, November.
- Jovanovic, B. & Nyarko, Y., 1996. "Learning by Doing and the Choice of Technology," Working Papers 96-25, C.V. Starr Center for Applied Economics, New York University.
- Boyan Jovanovic & Yaw Nyarko, 1994. "Learning By Doing and the Choice of Technology," NBER Working Papers 4739, National Bureau of Economic Research, Inc.
- Hugo Horta & Francisco M. Veloso & Rócio Grediaga, 2010. "Navel Gazing: Academic Inbreeding and Scientific Productivity," Management Science, INFORMS, vol. 56(3), pages 414-429, March.
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