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We present a model of how organizations manage performance measures when gaming is revealed over time. The incentive designer does not know when it selects a performance measure whether it will communicate the right behavior. Only over time does the principal find out the agent's responses and...
Persistent link: https://www.econbiz.de/10008517754
research on industrial innovation. Moreover, during this period we find that firms with large research operations in both …
Persistent link: https://www.econbiz.de/10008540843
We decompose the recent patent increase into components representing (1) an increase in resources made available to research and development, (2) an across-the-board rise in the patent yield of an R&D dollar, and (3) changes in the patent yield in individual industries. Two high tech fields,...
Persistent link: https://www.econbiz.de/10005446437