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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 heredi...
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| Publicat a: | MAGKS - Joint Discussion Paper Series in Economics (Band 04-2008) |
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| Autor principal: | |
| Format: | Arbeit |
| Idioma: | anglès |
| Publicat: |
Philipps-Universität Marburg
2008
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| Matèries: | |
| Accés en línia: | PDF a text complet |
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| Sumari: | 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. |
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| DOI: | 10.17192/es2023.0191 |