Research Incentive Policies: A Critical Review Based on the Theory of Contracts (in Spanish)

Estudios Gerenciales, Vol. 27, No. 120, pp. 127-145, September 2011

19 Pages Posted: 9 Mar 2012  

Alexander Guzmán

CESA School of Business; Colegio de Estudios Superiores de Administración - CESA

Maria-Andrea Trujillo

CESA School of Business

Date Written: September 30, 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.

Notes: PDF in Spanish

Keywords: Moral Hazard, Research, Teaching, Policy of Incentives

JEL Classification: I29, J33, M52

Suggested Citation

Guzmán, Alexander and Trujillo, Maria-Andrea, Research Incentive Policies: A Critical Review Based on the Theory of Contracts (in Spanish) (September 30, 2011). Estudios Gerenciales, Vol. 27, No. 120, pp. 127-145, September 2011. Available at SSRN: https://ssrn.com/abstract=2018741

Alexander Guzman (Contact Author)

CESA School of Business ( email )

Bogota
Colombia

Colegio de Estudios Superiores de Administración - CESA ( email )

Carrera Primera # 18A-12
Bogota, D.C. 110311
Colombia

María-Andrea Trujillo

CESA School of Business ( email )

Bogota
Colombia

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