𝔖 Bobbio Scriptorium
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US industrial research: Incentives for innovation

✍ Scribed by David, Peter

Book ID
109731842
Publisher
Nature Publishing Group
Year
1983
Tongue
English
Weight
132 KB
Volume
304
Category
Article
ISSN
0028-0836

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## Abstract Cost‐reducing investments by firms are often not publicly observable. This lack of observability would preclude a strategic use of process innovation. However, we show that an observable and verifiable contract that provides direct monetary incentives for cost reductions β€” an innovation