AbstractWe model academic competition as a game in which researchers ¯ght for priority. Researchers privately experience breakthroughs and decide how long to let their ideas mature before making them public, thereby establishing priority. In a two-researcher, symmetric environment, the resulting preemption game has a unique equilibrium. We study how the shape of the breakthrough distribution affects equilibrium maturation delays. Making researchers better at discovering new ideas or at developing them has contrasted effects on the quality of research outputs. Finally, when researchers have different innovative abilities, speed of discovery and maturation of ideas are positively correlated in equilibrium.
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Bibliographic InfoPaper provided by Toulouse School of Economics (TSE) in its series TSE Working Papers with number 13-377.
Date of creation: Feb 2013
Date of revision:
Academic Competition; Preemption Games; Private Information.;
Find related papers by JEL classification:
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-03-02 (All new papers)
- NEP-CTA-2013-03-02 (Contract Theory & Applications)
- NEP-GTH-2013-03-02 (Game Theory)
- NEP-HPE-2013-03-02 (History & Philosophy of Economics)
- NEP-HRM-2013-03-02 (Human Capital & Human Resource Management)
- NEP-SOG-2013-03-02 (Sociology of Economics)
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