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We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random …
Persistent link: https://www.econbiz.de/10013071185
There is growing public interest in alternatives to intellectual property including, but not limited to, prizes and government grants. We argue that there is no single best mechanism for supporting research. Rather, mechanisms can only be compared within specific creative environments. We...
Persistent link: https://www.econbiz.de/10013218398