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Paradigm depletion, knowledge production and research effort

Joao Faria (), Damien Besancenot () and Andréas Novak
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Joao Faria: IPED - Institute for Policy and Economic Development - UTEP - University of Texas [El Paso]
Andréas Novak: Department of Business Administration - University of Vienna [Vienna]

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Abstract: This paper deals with two elements of Thomas Kuhn (1962) ideas regarding paradigm: Depletion and resiliency. The possibility of paradigm depletion taking resilience into account, given the hierarchy among scientists, is modeled as a Stackelberg differential game between editors [leaders] and authors [followers]. A number of results emerge from the model: i) Paradigm depletion can be optimal; ii) The optimal editor's shadow price of potential knowledge must be non-positive, if it is positive, the editor is just a keeper of the orthodoxy rather than a scientist; iii) Editor's and/or researcher's impatience is always bad for science; iv) In equilibrium editor's behavior does not matter for optimal research effort, while only editor's behavior matter for the paradigm.

Keywords: Paradigm; Economics of science; Research effort (search for similar items in EconPapers)
Date: 2009-12-01
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