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Economics of Science

Author

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  • Lorenzo Rocco

    () (Department of Economics, University of Milan-Bicocca)

Abstract

In this paper we argue that the incentive scheme faced by scientists induces them to promote their activity, publishing on-line their work-in-progress, participating or organising meetings and so on. Such actions produce a huge amount of externalities that may make easier for others to deal with the same topics. Recognizing this influence, we present four game theoretic settings which aim to replicate same features of the research world, such as the "fashions" or the separation between "common researchers" and "stars".

Suggested Citation

  • Lorenzo Rocco, 2002. "Economics of Science," Working Papers 55, University of Milano-Bicocca, Department of Economics, revised Aug 2002.
  • Handle: RePEc:mib:wpaper:55
    as

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    File URL: http://dems.unimib.it/repec/pdf/mibwpaper55.pdf
    File Function: First version, 2002
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    References listed on IDEAS

    as
    1. Levin, Sharon G & Stephan, Paula E, 1991. "Research Productivity over the Life Cycle: Evidence for Academic Scientists," American Economic Review, American Economic Association, vol. 81(1), pages 114-132, March.
    2. Dasgupta, Partha & Maskin, Eric, 1987. "The Simple Economics of Research Portfolios," Economic Journal, Royal Economic Society, vol. 97(387), pages 581-595, September.
    3. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters,in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626 National Bureau of Economic Research, Inc.
    4. Maxim Engers & Joshua S. Gans & Simon Grant & Stephen King, 1999. "First-Author Conditions," Journal of Political Economy, University of Chicago Press, vol. 107(4), pages 859-883, August.
    5. Liebowitz, S J & Palmer, J P, 1984. "Assessing the Relative Impacts of Economic Journals," Journal of Economic Literature, American Economic Association, vol. 22(1), pages 77-88, March.
    6. 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.
    7. Konishi, Hideo & Le Breton, Michel & Weber, Shlomo, 1997. "Equilibria in a Model with Partial Rivalry," Journal of Economic Theory, Elsevier, vol. 72(1), pages 225-237, January.
    8. Ashish Arora & Alfonso Gambardella, 1996. "Reputation and competence in publicly funded scientific research," Industrial Organization 9605002, EconWPA.
    9. Richard Dusansky & Clayton J. Vernon, 1998. "Rankings of U.S. Economics Departments," Journal of Economic Perspectives, American Economic Association, vol. 12(1), pages 157-170, Winter.
    10. Kalaitzidakis, Pantelis & Mamuneas, Theofanis P. & Stengos, Thanasis, 1999. "European economics: An analysis based on publications in the core journals," European Economic Review, Elsevier, vol. 43(4-6), pages 1150-1168, April.
    11. repec:crs:wpaper:9968 is not listed on IDEAS
    12. Dasgupta, Partha & David, Paul, 1985. "Information Disclosure and the Economics of Science and Technology," CEPR Discussion Papers 73, C.E.P.R. Discussion Papers.
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