Study on Incentive Contracts of Skilled Workers' Innovation
Zhong He-ping · Technoeconomics & Management Research · 2011
This paper formulates a principal-agent model of skilled workers' technological innovation based on resources.Through the analysis of the model,this paper obtains the optimal incentive contracts while skilled workers are engaged in production tasksand slack innovatingat the same time.On the one hand,the firm can directly award skilled workers' slack innovating achievements according to the optimal incentive contracts,on the other hand,the firm may promote indirectly the performance of slack innovating by optimizing the incentive for production tasks according to the interdependence of cost function between production tasks and slack innovating.