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Piecework versus merit pay: a mean field games approach to academic behavior

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Listed:
  • 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.

Suggested Citation

  • Damien Besancenot & Jean-Michel Courtault & Khaled El Dika, 2012. "Piecework versus merit pay: a mean field games approach to academic behavior," Revue d'économie politique, Dalloz, vol. 122(4), pages 547-563.
  • Handle: RePEc:cai:repdal:redp_224_0547
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    References listed on IDEAS

    as
    1. Glenn Ellison, 2013. "How Does the Market Use Citation Data? The Hirsch Index in Economics," American Economic Journal: Applied Economics, American Economic Association, vol. 5(3), pages 63-90, July.
    2. repec:adr:anecst:y:2001:i:62:p:03 is not listed on IDEAS
    3. Courtault, Jean-Michel & Hayek, Naïla & Rimbaux, Eric & Zhu, Tong, 2010. "Research in economics and management in France: A bibliometric study using the h-index," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(2), pages 329-337, April.
    4. repec:adr:anecst:y:2001:i:62:p:02 is not listed on IDEAS
    5. Louis Lévy-Garboua, 2008. "Rapport sur le premier concours national d'agrégation de l'enseignement supérieur pour le recrutement de Professeurs des Universités en Sciences Economiques (Année 2007-2008)," Revue d'économie politique, Dalloz, vol. 118(5), pages 603-623.
    6. Steve Swidler & Elizabeth Goldreyer, 1998. "The Value of a Finance Journal Publication," Journal of Finance, American Finance Association, vol. 53(1), pages 351-363, February.
    7. Combes, Pierre-Philippe & Linnemer, Laurent & Visser, Michael, 2008. "Publish or peer-rich? The role of skills and networks in hiring economics professors," Labour Economics, Elsevier, vol. 15(3), pages 423-441, June.
    8. Dubois, Pierre & Rochet, Jean-Charles & Schlenker, Jean-Marc, 2010. "What Does It Take to Become a Good Mathematician?," TSE Working Papers 10-160, Toulouse School of Economics (TSE).
    9. Xavier Gabaix, 2009. "Power Laws in Economics and Finance," Annual Review of Economics, Annual Reviews, vol. 1(1), pages 255-294, May.
    10. Pierre-Philippe Combes & Laurent Linnemer, 2001. "La publication d'articles de recherche en économie en France," Annals of Economics and Statistics, GENES, issue 62, pages 5-47.
    11. Arthur M. Diamond Jr., 1986. "What is a Citation Worth?," Journal of Human Resources, University of Wisconsin Press, vol. 21(2), pages 200-215.
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    Cited by:

    1. Damien Besancenot & Habib Dogguy, 2015. "Paradigm Shift: A Mean Field Game Approach," Bulletin of Economic Research, Wiley Blackwell, vol. 67(3), pages 289-302, July.

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