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Setting Incentives for Collaboration Among Agricultural Scientists: Application of Principal-Agent Theory to Team Work

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  • Wallace E. Huffman

Abstract

The USDA is attempting to shift more research funds into competitive grants involving collaboration across disciplines on large projects. This type of research structure raises a host of information and incentive issues. The objective of this paper is to shed new light on principal-agent problems that are likely to arise in this new funding structure.

Suggested Citation

  • Wallace E. Huffman, 2010. "Setting Incentives for Collaboration Among Agricultural Scientists: Application of Principal-Agent Theory to Team Work," Staff General Research Papers Archive 31633, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:31633
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    File URL: http://www2.econ.iastate.edu/papers/p11633-2010-06-22.pdf
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    Keywords

    incentives; Principal-agent model; team research; competitive grants; multi-disciplinary research;
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