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Financial incentives in academia: research versus development

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Academic year: 2019

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Figure

Figure 1: Researcher’s utility in a given period (for a given V) as a function of the qualityof the idea.
Figure 2: Distribution F1(·) and a mean preserving spread, F2(·) (Area A=Area B).
Figure 3: Researcher’s utility in a given period with (dashed line) and without secrecy.

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