Tradeoff Analysis (TOA) is an approach to positive analysis that combines foresight analysis and simulation modeling tools from the relevant disciplines, including economics, in a participatory process designed to formulate and evaluate forward-looking, strategic decisions under high levels of...

A conceptual analysis of important issues in the organization and management of academic research is presented. Principal-agent theory is applied to derive optimal compensation schemes for scientists when they differ in ability, risk aversion, cost of effort, and reservation utility, and to show...