The model implies that if funding and prestige increased, this limitation would be reduced. And I would think we don’t need prestige nearly as much as funding—even if near-top scientists were recruited and paid the way second and third string major league players in most professional sports were paid, we’d see a significant relaxation of the constraint.
Instead, the uniform wage for most professors means that even the very top people benefit from supplementing their pay with consulting, running companies on the side, giving popular lectures for money, etc. - all of which compete for time with their research.
Running companies on the side to commercialize their research ideas might reduce the amount of papers that they output. On the other hand it might very well increase their contribution to sciences a whole.
The model implies that if funding and prestige increased, this limitation would be reduced. And I would think we don’t need prestige nearly as much as funding—even if near-top scientists were recruited and paid the way second and third string major league players in most professional sports were paid, we’d see a significant relaxation of the constraint.
Instead, the uniform wage for most professors means that even the very top people benefit from supplementing their pay with consulting, running companies on the side, giving popular lectures for money, etc. - all of which compete for time with their research.
Running companies on the side to commercialize their research ideas might reduce the amount of papers that they output. On the other hand it might very well increase their contribution to sciences a whole.