Accounting for the recent surge in U.S. patenting: Changes in R&D expenditures, patent yields, and the high tech sector
Gerald Marschke () and
Jinyoung Kim ()
Discussion Papers from University at Albany, SUNY, Department of Economics
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 then uses this additional information to update and finetune the incentive system. Using data from a government organization, we test the model's main prediction that the correlation between the performance measure and the true goal of the organization should change after the performance measure is included in the incentive system and we find some evidence consistent with this hypothesis.
Keywords: Patents; Innovation; Technology; Research Productivity (search for similar items in EconPapers)
JEL-codes: O30 O32 O34 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Journal Article: Accounting for the recent surge in U.S. patenting: changes in R&D expenditures, patent yields, and the high tech sector (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:nya:albaec:02-10
Ordering information: This working paper can be ordered from
Department of Economics, Building 25, Room 103 University at Albany State University of New York Albany, NY 12222 U.S.A.
http://www.albany.ed ... workingp/index.shtml
Access Statistics for this paper
More papers in Discussion Papers from University at Albany, SUNY, Department of Economics Department of Economics, Building 25, Room 103 University at Albany State University of New York Albany, NY 12222 U.S.A..
Bibliographic data for series maintained by Byoung Park ().