The management of innovation: Experimental evidence
通过576人参与的实验室实验,检验了Aghion和Tirole基于产权理论的创新管理理论,发现所有权影响收益分配和投资,但沟通能缓解客户不愿将所有权让给资金受限研究单元的问题。
We report data from a laboratory experiment with 576 participants that was designed to test Aghion and Tirole's (1994a) management of innovation theory which is based on the Grossman–Hart–Moore property rights approach. A research unit and a customer can invest to increase the probability of making an innovation. When the innovation is made, the parties bargain over the division of the revenue. In line with the theoretical predictions, we find that ownership matters for the division of the revenue and the investments. However, communication can mitigate Aghion and Tirole's (1994a) concern that the customer will not relinquish ownership to the cash-constrained research unit.