The present paper investigates by means of an optimal control model how the reward of competencies in research and teaching in the private sector affects investments into these skills as well as the decision on whether and when to optimally leave academia. As the decision between academia and industry is obvious if a scientist has strong preference for either, we focus on scenarios where this is not the case. Link to the article
SEIDL, A., WRZACZEK, S., EL OUARDIGHI, F. and FEICHTINGER, G. (2016). Optimal Career Strategies and Brain Drain in Academia. Journal of Optimization Theory and Applications, 168(1), pp. 268-295.