Piecework versus merit pay: a mean field games approach to academic behavior
This 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.
Volume (Year): 122 (2012)
Issue (Month): 4 ()
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