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.

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Year of publication:	2008
Authors:	Albert, Max
Institutions:	Volkswirtschaft Abteilung, Fachbereich Wirtschaftswissenschaften
Subject:	economics of science \| methodology of economics \| product quality \| quality standards \| scientific competition

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Extent:	application/pdf
Series:	MAGKS Papers on Economics.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 200804 29 pages
Classification:	D02 - Institutions: Design, Formation, and Operations ; L31 - Nonprofit Institutions ; O31 - Innovation and Invention: Processes and Incentives
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005652893