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- W2117959547 abstract "In this paper we examine whether an incentive scheme for improving research can have adverse effect on research itself. This work is mainly motivated by the Research Assessment Exercise (RAE) and the Research Excellence Framework (REF) in UK. In a game theoretic framework we show that a scheme like RAE/REF can actually result in deterioration of the over -all research in a country though it may create a few isolated centres of excellence. The central assumption behind this result is that high ability researchers produce positive externalities to their colleagues. We assume these externalities have declining marginal benefit as the number of high ability researchers in a department increases . Because of this declining marginal benefit an incentive scheme like the RAE or REF may lead to over concentration of the high ability researchers in a few departments." @default.
- W2117959547 created "2016-06-24" @default.
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- W2117959547 date "2010-01-01" @default.
- W2117959547 modified "2023-09-27" @default.
- W2117959547 title "Allocative Efficiency and an Incentive Scheme for Research 1" @default.
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