 Why are researchers paid bonuses? On technology spillovers and market rivalryd’Andria, Diego
Research Policy, 2016, vol. 45, issue 10, 2105-2112 Abstract: A temporary change in pay to employed inventors around the time of patent application has been documented. A theoretical model is here developed to provide an explanation to said findings based on the idea that inventors may be able to use the knowledge previously generated while working in a firm, in a rival company. The model features firms who hire workers in R&D functions to make product innovations. The innovation process consists of distinct phases each with different access to information about the innovation value for firms. Firms compete to attract workers, and workers can transfer part of the generated new knowledge to a new employer. Results suggest that the capital intensity of R&D investments, and the type and size of knowledge spillovers, may affect the probability to observe bonus pay at the time of a patent application. Keywords: Innovation; Policy; Employed inventors; Tax incentives for R&D; Subsidies for R&D; Bonus pay; Labor mobility (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:45:y:2016:i:10:p:2105-2112 DOI: 10.1016/j.respol.2016.08.006 Access Statistics for this article Research Policy is currently edited by M. Bell, B. Martin, W.E. Steinmueller, A. Arora, M. Callon, M. Kenney, S. Kuhlmann, Keun Lee and F. Murray More articles in Research Policy from Elsevier |
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