haku: @author Bhattacharya, S. / yhteensä: 18
viite: 11 / 18
| Tekijä: | Bhattacharya, S. Glazer, J. Sappington, D. E. M. |
| Otsikko: | Sharing productive knowledge in internally financed R&D contests |
| Lehti: | Journal of Industrial Economics
1990 : DEC, VOL. 39:2, p. 187-208 |
| Asiasana: | R&D INNOVATION SCIENTISTS JOINT BUSINESS VENTURES FINANCING INCENTIVE PLANS |
| Kieli: | eng |
| Tiivistelmä: | The optimal design of two-stage research and development joint ventures is examined. At the second stage, researchers choose R&D effort levels independently in an attempt to achieve an innovation. In the first stage, researchers have an opportunity to share endowments of productive knowledge. Initial pecuniary resources are limited, so rewards for disclosing knowledge and succeeding at the second stage must be financed from successful innovation. Conditions are derived under which full sharing of knowledge and the socially desired levels of R&D efforts can be motivated. The optimal incentive scheme when this ideal outcome cannot be implemented is examined. Full sharing will always be motivated at the first stage. |
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