Department of Finance and Management Science, Norwegian School of
Economics and Business Administration
"We study how complementarities and intellectual property rights
affect the management of knowledge workers. The main results relay
when a firm will wish to sue workers that leave with innovative
ideas, and the effects of complementary assets on wages and on worker
initiative. We argue that firms strongly protected by property rights
may not sue leaving workers in order to motivate effort, while firms
weakly protected by complementary assets must sue in order to obtain
positive profits. Firms with more complementary assets pay higher
wages (and have lower turnover), but such higher pay has a
detrimental effect on worker initiative. Our analysis suggests that
strengthened property rights protection reduces turnover costs but
weakens worker initiative."
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