The Management of Innovation

  title={The Management of Innovation},
  author={Philippe Aghion and Jean Tirole},
The paper analyzes the organization of the R&D activity in an incomplete contract framework. It provides theoretical foundations: (a) to understand how the allocation of property rights on innovations may affect both the frequency and the magnitude of these innovations; (b) to rationalize commonly observed features in research employment contracts, such as shop rights, trailer clauses, and the "hired for" doctrine; (c) to discuss the robustness of the so-called Schumpeterian hypotheses to… CONTINUE READING
Highly Influential
This paper has highly influenced 48 other papers. REVIEW HIGHLY INFLUENTIAL CITATIONS

From This Paper

Topics from this paper.


Publications citing this paper.


Publications referenced by this paper.
Showing 1-10 of 22 references

The Employed Inventor in the United States: R&D policies, Law and Practice (Cambridge

F. Neumeyer
View 5 Excerpts
Highly Influenced

A Theory of Incentives in Procurement and Regulation (Cambridge

J. J. Laffont, J. Tirole

The Growth and Diffusion of Knowledge and the Theory of the Firm,

D. Rodriguez
mimeo, MIT, • 1992
View 2 Excerpts

Underinvestment and Incompetence as Responses to Radical Innovation: Evidence from the Photolithographic Alignment Equipment Industry,

R. Henderson
mimeo, Sloan School, • 1991
View 1 Excerpt

Similar Papers

Loading similar papers…