Pure basic research produces nothing of value, that is of money value. Rather its product is a pure public good, not marketable, but freely available to any interested party. That at any rate is demanded by the “ethos of science”.
KeywordsMixed Strategy Pure Strategy Active Strategy Average Effort Strategic Game
Unable to display preview. Download preview PDF.
- Gottinger, Hans W. (1996), “Competitive Bidding for Research,” Kyklos, Vol. 49, Fasc. 3, 439–447.Google Scholar
- Dixit, A. (1987), “Strategic Behaviour in Contests,” American Economic Review, 77, 891–898.Google Scholar
- National Science Foundation (1998), Grant Proposal Guide, Washington, DC, NSF 99–2.Google Scholar
- Suzumura, K. (1995), Competition, Commitment and Welfare, Oxford: Clarendon Press.Google Scholar