Product Quality in a Simple OLG Model of Scientific Competition
Using a simple OLG model where the research output of one generation provides inputs for the next, the paper explains how quality standards can become established in scientific competition. Researchers seek status, which they get if their results are used by the next generation. Quality is hereditary in the sense that input quality affects output quality. Hereditary quality allows for simple coordination on quality standards.
|Date of creation:||2008|
|Contact details of provider:|| Postal: Universitätsstraße 25, 35037 Marburg|
Web page: http://www.uni-marburg.de/fb02/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Paul A. David, 2004. "Understanding the emergence of 'open science' institutions: functionalist economics in historical context," Industrial and Corporate Change, Oxford University Press, vol. 13(4), pages 571-589, August.
- Jurgen Meckl & Max Albert, 2008. "What Should We Expect from Peer Review? (Comment)," Conferences on New Political Economy,in: Max Albert & Stefan Voigt & Dieter Schmidtchen (ed.), Conferences on New Political Economy, edition 1, volume 25, pages 257-261(5 Mohr Siebeck, Tübingen.
- Christian Seidl & Peter Grosche & Ulrich Schmidt, 2008. "A Beauty Contest of Referee Processes of Economics Journals," Conferences on New Political Economy,in: Max Albert & Stefan Voigt & Dieter Schmidtchen (ed.), Conferences on New Political Economy, edition 1, volume 25, pages 235-255(2 Mohr Siebeck, Tübingen.
- Stephan, Paula E., 2010. "The Economics of Science," Handbook of the Economics of Innovation, Elsevier.
- Franz Hackl & Martin Halla & Gerald J. Pruckner, 2007.
"Volunteering and Income - The Fallacy of the Good Samaritan?,"
Wiley Blackwell, vol. 60(1), pages 77-104, February.
- Franz Hackl & Martin Halla & Gerald J Pruckner, 2004. "The fallacy of the Good Samaritan: Volunteering as a weird way of making money," Economics working papers 2004-15, Department of Economics, Johannes Kepler University Linz, Austria.
- Congleton, Roger D., 1989. "Efficient status seeking: Externalities, and the evolution of status games," Journal of Economic Behavior & Organization, Elsevier, vol. 11(2), pages 175-190, March.
- Max Albert, 2006. "Product Quality in Scientific Competition," Papers on Strategic Interaction 2006-06, Max Planck Institute of Economics, Strategic Interaction Group.
- David, Paul A, 1998. "Common Agency Contracting and the Emergence of "Open Science" Institutions," American Economic Review, American Economic Association, vol. 88(2), pages 15-21, May.
When requesting a correction, please mention this item's handle: RePEc:mar:magkse:200804. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bernd Hayo)
If references are entirely missing, you can add them using this form.