Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/22948 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorGoldfayn, Ekaterinaen
dc.date.accessioned2009-01-29T15:11:18Z-
dc.date.available2009-01-29T15:11:18Z-
dc.date.issued2006-
dc.identifier.urihttp://hdl.handle.net/10419/22948-
dc.description.abstractIn order to deliver an innovation principals employ competing agents in some circumstances, while employing research team in other circumstances. This paper compares various structures of R&D to provide a rational behind this observation. It is assumed, that the principal can employ either one agent, two competing agents or two agents, cooperating in a team. Which of the available structures will be chosen by principal, depends on value of prize in stake, technological benefits of team production and team structure. Due to the positive effect on incentives, competing agents always generate larger profit to the principal, than a single agent. Further, they often perform better than the team, even when the latter has significant technological benefits. However, the performance of the team may be improved, if it is organized as a hierarchy with the team leader (who is responsible for allocation of resources) and his subordinate. The paper provides conditions on parameters, which determine whether the principal should employ a team or competing agents for performing R&D.en
dc.language.isoengen
dc.publisher|aUniversity of Bonn, Bonn Graduate School of Economics (BGSE) |cBonnen
dc.relation.ispartofseries|aBonn Econ Discussion Papers |x3/2006en
dc.subject.jelC72en
dc.subject.jelL23en
dc.subject.jelO31en
dc.subject.ddc330en
dc.subject.keywordmoral hazarden
dc.subject.keywordhierarchyen
dc.subject.keywordteam productionen
dc.subject.keywordcompetitionen
dc.subject.keywordorganization of R&Den
dc.titleOrganization of R&D With Two Agents and Principal-
dc.typeWorking Paperen
dc.identifier.ppn510389872en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bonedp:32006-

Files in This Item:
File
Size
477.55 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.