Abstract
I study the institution of avoiding hiring one’s own Ph.D. 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.
Original language | English |
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Pages (from-to) | 273-275 |
Number of pages | 3 |
Journal | Economics Letters |
Volume | 114 |
Issue number | 3 |
DOIs | |
Publication status | Published - Mar 2012 |
Keywords
- Academic inbreeding
- Moral hazard
- Knowledge
- Information dissemination
ASJC Scopus subject areas
- Economics and Econometrics
- Finance