Product Quality in a Simple OLG Model of Scientific Competition

Max Albert ()

No 200804, MAGKS Papers on Economics from Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung)

Abstract: 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.

Keywords: economics of science; methodology of economics; product quality; quality standards; scientific competition (search for similar items in EconPapers)
JEL-codes: D02 L31 O31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ipr and nep-sog
Date: 2008
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http://www.uni-marburg.de/fb02/makro/forschung/magkspapers/04-2008_albert.pdf First version, 2008 (application/pdf)

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Persistent link: http://EconPapers.repec.org/RePEc:mar:magkse:200804

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