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on Sociology of Economics |
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Issue of 2013‒05‒22
two papers chosen by Jonas Holmström Swedish School of Economics and Business Administration |
| By: | Niceto S. Poblador (University of the Philippines Mindanao) |
| Abstract: | The title of this essay is a play of words on “The Tragedy of the Commons,” the title of the landmark paper by Garrett Hardin which appeared in Science in 1968. After a long period of dormancy, the concept was resuscitated by Elinor Ostrom in 1990 in a book which gained her the Nobel Prize in Economics in 2011. Science Commons is one of an increasing number of academic and scientific advocacy groups that seek to promote open access to published works and data for the purpose of capturing the enormous potential value from the vast numbers of researches being turned out by individuals, businesses, universities and research institutions all over the world (http://sciencecommons.org/projects/publishing/ ). By commons, Hardin and Ostrom meant communally owned and used resources such as grazing lands, forest resources, mineral resources and so on the unmitigated use of which lead to their eventual exhaustion or destruction. By contrast, the ‘commons’ in science commons refers to knowledge and information, resources that follow a totally different economic logic from those that apply to physical resources. Property rights and other governance mechanisms that apply to one do not necessarily apply to the other. |
| Date: | 2012–08 |
| URL: | http://d.repec.org/n?u=RePEc:phs:dpaper:201212&r=sog |
| By: | Ho Fai Chan (QUT); Laura Gleeson (QUT); Benno Torgler (QUT) |
| Abstract: | This study explores whether awards breed further awards and what happens after a researcher receives the Nobel Prize. We therefore collected data on all the 1901 to 1980 Nobel laureates in physics, chemistry and medicine or physiology, looking at the number of awards received each year for 50 years before and after obtaining the Nobel Prize. The results indicate an increasing rate of awards before the Nobel Prize, reaching the summit precisely in the year of the Nobel Prize. After this pinnacle year, awards drop sharply. Such a result is also confirmed when looking at the three different disciplines separately and when conducting a random-effects negative binomial regression model. Moreover, Nobel laureates in medicine or physiology generate more awards shortly before and after the Nobel Prize while laureates in Chemistry attract more awards as time progresses. |
| Keywords: | Nobel prize, Nobel laureates, Matthew effect, awards, recognition |
| JEL: | M52 J33 Z13 |
| Date: | 2013–05–06 |
| URL: | http://d.repec.org/n?u=RePEc:qut:dpaper:298&r=sog |