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On the joint production of research and training

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  • António Freitas
  • Inés Macho-Stadler

Abstract

Universities and research institutions have the responsibility to produce science and to provide training to new generations of researchers. In this paper, we propose a model to analyze the determinants of a senior scientist’s decisions about allocating time between these tasks. The results of this decision depend upon the characteristics of the research project, the senior scientist’s concern for training and the expected innate ability of the junior scientist involved. We analyze the role that a regulator can play in defining both the value of scientific projects and the future population of independent scientists. Copyright ISEG 2014

Suggested Citation

  • António Freitas & Inés Macho-Stadler, 2014. "On the joint production of research and training," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 13(2), pages 71-94, August.
    • Handle: RePEc:spr:portec:v:13:y:2014:i:2:p:71-94
    DOI: 10.1007/s10258-014-0103-9
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    References listed on IDEAS

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    1. Murray, Fiona, 2004. "The role of academic inventors in entrepreneurial firms: sharing the laboratory life," Research Policy, Elsevier, vol. 33(4), pages 643-659, May.
    2. Albert Banal‐Estañol & Inés Macho‐Stadler, 2010. "Scientific and Commercial Incentives in R&D: Research versus Development?," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 19(1), pages 185-221, March.
    3. Banal-Estanol, A. & Macho-Stadler, I., 2008. "Commercial Incentives in Academia," Working Papers 08/13, Department of Economics, City University London.
    4. António Freitas & Inés Macho-Stadler, 2014. "On the joint production of research and training," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 13(2), pages 71-94, August.
    5. Holmstrom, Bengt & Milgrom, Paul, 1991. "Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 7(0), pages 24-52, Special I.
    6. N. Lacetera & L. Zirulia, 2008. "Knowledge Spillovers, Competition, and R&D Incentive Contracts," Working Papers 624, Dipartimento Scienze Economiche, Universita' di Bologna.
    7. Alexis Walckiers, 2008. "Multi-dimensional contracts with task-specific productivity: an application to universities," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 15(2), pages 165-198, April.
    8. Alexis Walckiers, 2008. "Multi-dimensional contracts with task-specific productivity: An application to universities," ULB Institutional Repository 2013/101641, ULB -- Universite Libre de Bruxelles.
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    1. António Freitas & Inés Macho-Stadler, 2014. "On the joint production of research and training," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 13(2), pages 71-94, August.

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    More about this item

    Keywords

    Research and training; Time allocation; Junior scientist’s mentoring; I23; D80;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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