The management of innovation

Philippe Aghion, Jean Tirole

    Research output: Contribution to journalArticlepeer-review

    657 Scopus citations


    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 endogenizing the organization of R&D; and (d) to provide a rationale for.

    Original languageEnglish (US)
    Pages (from-to)1185-1209
    Number of pages25
    JournalQuarterly Journal of Economics
    Issue number4
    StatePublished - Nov 1994

    ASJC Scopus subject areas

    • Economics and Econometrics


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