| Abstract: |
Universities and research institutions have the responsibility to produce
science and to provide training to new generations of researchers. In this
paper, we propose a model to analyze the determinants of a senior scientist's
decisions about allocating time between these tasks. The results of this
decision depend upon the characteristics of the research project, the senior
scientist's concern for training and the expected innate ability of the junior
scientist involved. We analyze the role that a regulator can play in defining
both the value of scientific projects and the future population of independent
scientists. |