A key input to inventive activity is human capital. Hence it is important to understand the monetary incentives of …

, and local development objectives of technology license offices. Royalty incentives work both by raising faculty effort and … sorting scientists across universities. The effect of incentives works primarily by increasing the quality (value) rather than …

-unit managers’ authority. Realizing synergies then involves a tradeoff between motivation and coordination. Motivating managers … requires narrowly-focused incentives around their area of responsibility. Functional managers become biased toward excessive …

leads to weaker incentives for effort, compared with non-integration. Our theory makes minimal assumptions about the … division managers. The division managers' job is to create profitable investment projects. Giving the managers incentives to do …' incentives. The resulting tradeoff between a better use of resources and diminished incentives for effort determines whether …

of the patent-design literature. In a general-equilibrium model, both incentives to innovate and monopoly distortions …