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Principal-agent theory and research policy: An introduction

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  • Dietmar Braun
  • David H Guston

Abstract

The rational choice perspective is prominent in many sociological, economic and political science literature but has been undervalued until now in the field of science studies. This special issue attempts to revalorise this perspective by introducing the principal-agent theory with relation to research policy-making. The introduction presents the basic features of the model of principal-agent and reviews the theoretical development and applications in research policy. It summarises the main findings of the articles in this issue and concludes that the studies in the framework of principal-agent demonstrate the willingness of combining theoretical rigour and ‘requisite variety’ by applying the theory to a large number of different fields linked to research policy-making. Copyright , Beech Tree Publishing.

Suggested Citation

  • Dietmar Braun & David H Guston, 2003. "Principal-agent theory and research policy: An introduction," Science and Public Policy, Oxford University Press, vol. 30(5), pages 302-308, October.
    • Handle: RePEc:oup:scippl:v:30:y:2003:i:5:p:302-308
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    File URL: http://hdl.handle.net/10.3152/147154303781780290
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    Cited by:

    1. Zhaohui Yan & Mingli Wang & Yumeng Sun & Zihui Nan, 2023. "The Impact of Research and Development Investment on Total Factor Productivity of Animal Husbandry Enterprises: Evidence from Listed Companies in China," Agriculture, MDPI, vol. 13(9), pages 1-21, September.
    2. Ajeng Septiana WULANSARI, 2023. "Blockchain Implementation And Principal-Agent Theory," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(2), pages 97-113, June.
    3. Inzelt, Annamária, 2004. "Az egyetemek és a vállalkozások kapcsolata az átmenet idején [Relations between universities and business in the transition period]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(9), pages 870-890.
    4. Maurizio La Rocca & Tiziana La Rocca & Francesco Fasano & Javier Sanchez-Vidal, 2023. "From the Top Down: Does Corruption Affect Performance?," Papers 2310.20028, arXiv.org.
    5. Boon, Wouter P.C. & Moors, Ellen H.M. & Kuhlmann, Stefan & Smits, Ruud E.H.M., 2011. "Demand articulation in emerging technologies: Intermediary user organisations as co-producers?," Research Policy, Elsevier, vol. 40(2), pages 242-252, March.
    6. Bekius, Femke & Meijer, Sebastiaan & de Bruijn, Hans, 2018. "Collaboration patterns in the Dutch railway sector: Using game concepts to compare different outcomes in a unique development case," Research in Transportation Economics, Elsevier, vol. 69(C), pages 360-368.
    7. Lepori, Benedetto, 2011. "Coordination modes in public funding systems," Research Policy, Elsevier, vol. 40(3), pages 355-367, April.
    8. Puciato, Daniel, 2016. "Attractiveness of municipalities in South-Western Poland as determinants for hotel chain investments," Tourism Management, Elsevier, vol. 57(C), pages 245-255.
    9. Arnott, James C., 2021. "Pens and purse strings: Exploring the opportunities and limits to funding actionable sustainability science," Research Policy, Elsevier, vol. 50(10).
    10. Cramer, Benjamin W., 2022. "The moral hazard of Lax FCC land use oversight for advanced network infrastructure," Telecommunications Policy, Elsevier, vol. 46(1).
    11. Wiek, Arnim & Zemp, Stefan & Siegrist, Michael & Walter, Alexander I., 2007. "Sustainable governance of emerging technologies—Critical constellations in the agent network of nanotechnology," Technology in Society, Elsevier, vol. 29(4), pages 388-406.
    12. Civera, Alice & Lehmann, Erik E. & Paleari, Stefano & Stockinger, Sarah A.E., 2020. "Higher education policy: Why hope for quality when rewarding quantity?," Research Policy, Elsevier, vol. 49(8).
    13. Femke Bekius & Sebastiaan Meijer & Hugo Thomassen, 2022. "A Real Case Application of Game Theoretical Concepts in a Complex Decision-Making Process: Case Study ERTMS," Group Decision and Negotiation, Springer, vol. 31(1), pages 153-185, February.
    14. Benjamin Mosses Sakita & Berit Irene Helgheim & Svein Bråthen, 2024. "The Principal-Agent Theoretical Ramifications on Digital Transformation of Ports in Emerging Economies," Logistics, MDPI, vol. 8(2), pages 1-39, May.
    15. Burke, Patrick J., 2022. "Examining drug enforcement by specialized police units in Chicago, 2009-2019," Journal of Criminal Justice, Elsevier, vol. 81(C).
    16. Manuel Laranja & John Edwards & Hugo Pinto & Dominique Foray, 2020. "Implementation of Smart Specialisation Strategies in Portugal: An assessment," JRC Research Reports JRC121189, Joint Research Centre.
    17. Linda H. M. van de Burgwal & Ana Dias & Eric Claassen, 2019. "Incentives for knowledge valorisation: a European benchmark," The Journal of Technology Transfer, Springer, vol. 44(1), pages 1-20, February.
    18. Seolmin Yang & So Young Kim, 2023. "Knowledge-integrated research is more disruptive when supported by homogeneous funding sources: a case of US federally funded research in biomedical and life sciences," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(6), pages 3257-3282, June.
    19. Irina Dezhina, 2017. "Science and Innovation Policy of the Russian Government: A Variety of Instruments with Uncertain Outcomes?," Public administration issues, Higher School of Economics, issue 5, pages 7-26.
    20. Erik Fisher & Catherine P. Slade & Derrick Anderson & Barry Bozeman, 2010. "The public value of nanotechnology?," Scientometrics, Springer;Akadémiai Kiadó, vol. 85(1), pages 29-39, October.

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