In pursuit of impeccable veracity
I study the institution of avoiding hiring one’s own Ph.D. 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.
References listed on IDEAS
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- Jovanovic, B. & Nyarko, Y., 1996.
"Learning by Doing and the Choice of Technology,"
96-25, C.V. Starr Center for Applied Economics, New York University.
- 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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