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Dynamic incentives in organizations: Success and inertia

Ruckes, Martin; Rønde, Thomas - 2010

We present a dynamic model in which an employee of a firm searches for business projects in a changing environment. It is costly to induce the employee who found a successful project in the past period to search for a new project. Past success can therefore result in profitreducing corporate...

Persistent link: https://www.econbiz.de/10010302621

Motivation and Sorting in Open Source Software Innovation

Belenzon, Sharon; Schankerman, Mark - C.E.P.R. Discussion Papers - 2008

innovation. We exploit the observed pattern of contributions - the 'revealed preference' of developers - to infer the underlying …

Persistent link: https://www.econbiz.de/10005789146

The hold-up problem, innovations, and limited liability

Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2012

An inventor can invest research effort to come up with an innovation. Once an innovation is made, a contract is …

Persistent link: https://www.econbiz.de/10011084016

Exclusive versus Non-exclusive Licensing Strategies and Moral Hazard

Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2007

An upstream firm can license its innovation to downstream firms that have to exert further development effort. There …

Persistent link: https://www.econbiz.de/10005497972

Trade Secret Laws, Labour Mobility and Innovations

Motta, Massimo; Rønde, Thomas - C.E.P.R. Discussion Papers - 2002

We show that when the researcher’s (observable but not contractible) contribution to innovation is crucial, a covenant …

Persistent link: https://www.econbiz.de/10005504700

And the Winner Is--Acquired: Entrepreneurship as a Contest with Acquisition as the Prize

Henkel, Joachim; Rønde, Thomas; Wagner, Marcus - C.E.P.R. Discussion Papers - 2010

paper, we analyze a two-stage innovation game between one incumbent and a large number of entrants. In the first stage … innovation. In the second stage, successful entrants bid to be acquired by the incumbent. We assume that entrants cannot survive …&D approaches than the incumbent and are more likely to generate the highest value innovation. Thus, the need of entrants to be …

Persistent link: https://www.econbiz.de/10008784763

Task Scheduling and Moral Hazard

Mylovanov, Tymofiy; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2007

We study a two-period moral hazard problem with risk-neutral and wealth-constrained agents and three identical tasks. We show that the allocation of tasks over time is important if there is a capacity constraint on the number of tasks that can be performed in one period. We characterize the...

Persistent link: https://www.econbiz.de/10005067477

Competition, Entry, and the Social Returns to Infrastructure in Transition Economies

Aghion, Philippe; Schankerman, Mark - C.E.P.R. Discussion Papers - 1999

This paper presents a simple model for analysing the contribution of investments in physical and institutional infrastructure to the transition process. In addition to the direct cost savings, infrastructure investment generates important indirect effects, or transition impacts. The model shows...

Persistent link: https://www.econbiz.de/10005667044

Trading and Enforcing Patent Rights

Galasso, Alberto; Schankerman, Mark; Serrano, Carlos - C.E.P.R. Discussion Papers - 2011

We study how the market for innovation affects enforcement of patent rights. Conventional wisdom associates the gains … potential gains from trade are more likely to change ownership, suggesting that the market for innovation is efficient. We also …

Persistent link: https://www.econbiz.de/10009322505

Optimal Allocation of Ownership Rights in Dynamic R&D Alliances

Rosenkranz, Stephanie; Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2001

We explore the dynamic evolution of property rights regimes in R&D alliances using the incomplete contract approach pioneered by Grossman, Hart and Moore (Hart and Moore, Journal of Political Economy (1990), and Grossman and Hart, Journal of Political Economy (1986)). In contrast to the standard...

Persistent link: https://www.econbiz.de/10005067424