Individual Preferences, Organization, And Competition In A Model Of R&D Incentive Provision

Understanding the organization of R&D activities requires the simultaneous consideration of scientific workers' talent and tastes, companies' organizational choices, and the characteristics of the relevant industry. The authors develop a model of the provision of incentives to corporate scientists, in an environment where scientists engage in multiple activities when performing research; knowledge is not perfectly appropriable; scientists are responsive to both monetary and non-monetary incentives; and firms compete on the product market. They show that both the degree of knowledge spillovers and of market competition affects the incentives given to scientists, and these effects interact.

Provided by: National Bureau of Economic Research Topic: Project Management Date Added: May 2011 Format: PDF

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