Popov, Sergey V. (2011): In pursuit for impeccable veracity. Forthcoming in: Economics Letters
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I study the institution of avoiding to hire one’s school own PhD graduates for assistant professorships. I argue that this institution is necessary to create better incentives for researchers to incorporate new information in studies, facilitating the convergence to asymptotic learning of the studied fundamentals.
|Item Type:||MPRA Paper|
|Original Title:||In pursuit for impeccable veracity|
|Keywords:||academic inbreeding; moral hazard; knowledge; information dissemination|
|Subjects:||L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L13 - Oligopoly and Other Imperfect Markets
D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D83 - Search; Learning; Information and Knowledge; Communication; Belief
D - Microeconomics > D4 - Market Structure and Pricing > D43 - Oligopoly and Other Forms of Market Imperfection
A - General Economics and Teaching > A1 - General Economics > A11 - Role of Economics; Role of Economists; Market for Economists
|Depositing User:||Sergey Popov|
|Date Deposited:||31. Oct 2011 23:52|
|Last Modified:||16. Feb 2013 07:05|
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