We investigate the effect of both research and consulting on higher education teaching quality at the individual level. We propose a theor etical model in which academics allocate limited time between three activities, over a two period horizon, under the assumption of positive spillovers from...

Widespread adoption of a new capital-embodied technology requires a continuous flow of incremental innovations. A few of them address the key problem of indivisibility, by making renting the new machine a viable alternative to buying it, or by dividing it up into modular elements. Such...