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In pursuit for impeccable veracity

Author

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  • Popov, Sergey V.

Abstract

I 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.

Suggested Citation

  • Popov, Sergey V., 2011. "In pursuit for impeccable veracity," MPRA Paper 34414, University Library of Munich, Germany, revised 31 Oct 2011.
    • Handle: RePEc:pra:mprapa:34414
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    References listed on IDEAS

    as
    1. Jovanovic, Boyan & Nyarko, Yaw, 1996. "Learning by Doing and the Choice of Technology," Econometrica, Econometric Society, vol. 64(6), pages 1299-1310, November.
    2. 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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    More about this item

    Keywords

    academic inbreeding; moral hazard; knowledge; information dissemination;
    All these keywords.

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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