Economic History, Financial Economics, Industrial Organisation, Patent Markets
- 2008: Doctoral Examination in Economics (summa cum laude), University of Münster
- 2007-2009: Max Planck Institute for Research on Collective Goods, Bonn
- 2005-2008: PhD Student, Department of Economics, University of Münster
- 2005-2007: Research Fellow, Department of Economics, University of Münster
- 2004: Master in Modern History, Economics, and Political Science, University of Münster
- 1998-2004: Studies of Modern History, Economics, Political Science, and Public Law at the University of Münster and the University of Wales, Swansea
The allocation of intellectual property rights between firms and employed researchers causes a principal-agent problem between the two parties. We investigate the working contracts of inventors employed by German chemical, pharmaceutical, and electrical engineering firms at the turn of the 20th century and show that some firms were aware of the principal-agent problem and offered performance-related compensation schemes to their scientists. However, neither a higher total compensation nor a higher share of variable compensation in total compensation is correlated with a higher innovative output. Thus, incentives techniques were already used during the early history of industrial research laboratories, but their impact on innovative output was unsystematic.