Applied Economics · 2008 · 14 citations · 19 references
Social SciencesBusiness EconomicsEconomicsBehavioral EconomicsEconometricsKnowledge SharingDiscrete Choice ModelsIndividual IncentivesKnowledge ExchangeActivitiesBehavioral Responses To Monetary Incentives
In this article, we develop a model of individual choice to study the determinants of faculty members allocation of effort between interactive and noninteractive activities. This model is tested by using censored and discrete choice econometric models to estimate optimum effort allocated to interactive activities and real interaction. We conclude, first, that individual responds to nonmonetary rather than monetary incentives and to the difficulty of producing noninteractive rather than interactive knowledge. Second, we detect the possible existence of rationing, since optimum effort and real interaction depend on different variables.
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