Optimum Contracts for Research Personnel, Research Employment, and the Establishment of "Rival" Enterprises
AbstractThis paper considers the problem of hiring scientists for research and development projects when one takes explicit account of the fact that the scientist may be able to use the information acquired during the project in a rival enterprise. Management's problem is to determine an optimum labor policy for its project. The policy consists of an employment decision and a labor contract. Given optimum behavior, it is straightforward to analyze the effect of the potential for mobility of scientific personnel on project profitability and on research employment. We also formalize conditions under which one would expect to observe a scientist leaving his employer to set up (or join) a rival.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 0871.
Date of creation: Mar 1982
Date of revision:
Publication status: published as Pakes, Ariel and Shmuel Nitzan. "Optimum Contracts for Research Personnel, Research Employment, and the Establishment of "Rival" Enterprises." Journalof Labor Economics, Vol. 1, No. 4, (October 1983), pp. 345-365.
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- Pakes, Ariel & Nitzan, Shmuel, 1983. "Optimum Contracts for Research Personnel, Research Employment, and the Establishment of "Rival" Enterprises," Journal of Labor Economics, University of Chicago Press, vol. 1(4), pages 345-65, October.
- Pakes, Ariel & Nitzan, Shmuel, 1983. "Optimum Contracts for Research Personnel, Research Employment, and the Establishment of "Rival" Enterprises," Scholarly Articles 3428538, Harvard University Department of Economics.
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