Motivating Innovation
Motivating innovation is an important concern in many incentive problems. For example, shareholders of large corporations often need to motivate managers to pursue more innovative business strategies. This paper shows that the optimal incentive scheme that motivates innovation exhibits substantial t...
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| Format: | Article |
| Language: | en_US |
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American Finance Association
2011
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| Online Access: | http://hdl.handle.net/1721.1/65948 |