Martínez, C., & Parlane, S. (2023). Academic scientists in corporate R&D: A theoretical model. Research Policy, 52 (5)
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Abstract. What motivates some firms to hire star academics? This paper provides a theoretical framework that combines several factors known to influence a firm's hiring decision of scientists capable of conducting both, research and development activities. The targeted type, reflecting the scientist's academic ability, is endogenous. When research and development activities are not strong substitutes, the optimal contract induces the scientist to engage in multitasking and the firm targets applicants with either the highest or the lowest type.
