Balancing Incentives: The Tension Between Basic and Applied Research

Iain Cockburn · Rebecca M. Henderson · Scott Stern

98 citations0/0 files storedNational Bureau of Economic Research

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Abstract

I.1 This can be usefully compared with the unidimensional incentive instruments studied by Lazear (1997), where auto glass installers were focused on one activity (installation speed) and variation was observed in the degree to which their payment plan was dependent on the achievement of speedy throughput.2 Interestingly, our qualitative data suggest that during the period covered by our data, it was extremely unusual for individual researchers to be given stock options.Annual number of patent applications granted in classes related to a given program program-firm-year Competitors' Patents in Related Programs j,f,t Annual number of patent applications granted to competitors in classes related to a given program program-firm-year

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References

1989Endogenous Technological Change 1989Innovation and Learning: The Two Faces of R & D 1991Multitask Principal–Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design 1982Moral Hazard in Teams 1995Firms, Contracts, and Financial Structure 1974The Sociology of Science: Theoretical and Empirical Investigations 1997Formal and Real Authority in Organizations 2000Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not)

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