Okayama Economic Review
Published by the Economic Association of Okayama University

Contribution Cycles and Preferable Incentive Schemes

Abstract
This note considers a situation in which the publisher of an academic journal seeks to maintain the number of contributions to the journal by subsidizing the contributors with some incentive payments. We show that under the incentive payment scheme that distributes some pre−determined total amount of payments equally to each contributor (the constant total payment scheme), the number of contributions can fluctuate cyclically as well as chaotically over time when the potential contributors form adaptive expectations. Numerical simulations suggest, among other things, that the performance of the constant total payment scheme may be more efficient than the constant per−capita payment scheme when the total amount of payments is supposed to be small.
Note
研究ノート (Note)
ISSN
0386-3069
NCID
AN00032897