Kim, Jinyoung; Marschke, Gerald - In: RAND Journal of Economics 36 (2005) 2, pp. 298-317
We develop and test a model of the patenting and R&D decisions of an innovating firm whose scientist-employees sometimes quit to join or start a rival. In our model, the innovating firm patents to protect itself from its employees. We show theoretically that the risk of a scientist's departure...