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dc.contributor.authorBurhop, Carstenen_US
dc.contributor.authorLübbers, Thorstenen_US
dc.date.accessioned2009-07-31en_US
dc.date.accessioned2010-05-14T12:02:12Z-
dc.date.available2010-05-14T12:02:12Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/32247-
dc.description.abstractThe allocation of intellectual property rights between firms and employed researchers causes a principal-agent problem between the two parties. We investigate the working contracts of inventors employed by German chemical, pharmaceutical, and electrical engineering firms at the turn of the 20th century and show that some firms were aware of the principal-agent problem and offered performance-related compensation schemes to their scientists. However, neither a higher total compensation nor a higher share of variable compensation in total compensation is correlated with a higher innovative output. Thus, incentives techniques were already used during the early history of industrial research laboratories, but their impact on innovative output was unsystematic.en_US
dc.language.isoengen_US
dc.publisherMax Planck Inst. for Research on Collective Goods Bonnen_US
dc.relation.ispartofseriesPreprints of the Max Planck Institute for Research on Collective Goods 2008,38en_US
dc.subject.jelN83en_US
dc.subject.jelO31en_US
dc.subject.jelJ33en_US
dc.subject.ddc330en_US
dc.subject.keywordCompensation packagesen_US
dc.subject.keywordincentivesen_US
dc.subject.keywordinnovationen_US
dc.subject.keywordeconomic historyen_US
dc.subject.keywordGermany, pre-1913en_US
dc.subject.stwIndustrielle Forschungen_US
dc.subject.stwLeistungsorientierte Vergütungen_US
dc.subject.stwWissenschaftleren_US
dc.subject.stwAgency Theoryen_US
dc.subject.stwInnovationen_US
dc.subject.stwDeutschland (bis 1945)en_US
dc.titleIncentives and innovation? R&D management in Germany's high-tech industries during the second industrial revolutionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn605758344en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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