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In recent decades, Chinese researchers have become preeminent contributors to the scientific enterprise, as reflected by the number of publications originating from Chinese research institutions. China's rise in science has the potential to push forward the global frontier, but mere production...
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We consider a model of innovation that distinguishes between ideas and innovations. While innovation responds to … incentives, ideas are a scarce resource that provide an exogenous constraint on the rate of innovation. We investigate how the … optimal reward structure is shaped by the scarcity of ideas. Substitute ideas for innovation in the model arrive to random …
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We investigate optimal rewards in an R&D model where substitute ideas for innovation arrive to random recipients at …
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We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random …
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We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random …
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