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Research Incentive Policies: A Critical Review Based on the Theory of Contracts (in Spanish)Alexander GuzmanColegio de Estudios Superiores de Administración - CESA - Universidad de los Andes - School of Management María Andrea TrujilloColegio de Estudios Superiores de Administración - CESA - Universidad de los Andes - School of Management September 30, 2011 Estudios Gerenciales, Vol. 27, No. 120, pp. 127-145, September 2011 Abstract: Universities in Colombia initially focused on teaching. Some of them, both public and private, have reconsidered their vision and have been trying to develop policies to incorporate research among their priorities. Clear mechanisms of incentives for publications have been designed, with the aim of involving the faculty in the production of knowledge and divulging results through national and international indexed journals, books based on research findings, participation in conferences and academic events. This article aims to highlight the value of contract theory in order to understand the policy of incentives for research in universities, conducting a review of major theoretical contributions to moral hazard problems and discussing policies of incentives for research in the light of these concepts.
Note: PDF in Spanish Number of Pages in PDF File: 19 Keywords: Moral Hazard, Research, Teaching, Policy of Incentives JEL Classification: I29, J33, M52 Accepted Paper SeriesDate posted: March 9, 2012Suggested CitationContact Information
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