We examine the effect of prizes on innovation using data on awards for technological development offered by the Royal … entry and we also detect an impact of the prizes on the quality of contemporaneous patents, especially when prize categories …” technology sectors. Prizes encouraged competition and medals were more important than monetary awards. The boost to innovation we …

The world needs rapid innovation to address the myriad consequences of the COVID-19 pandemic. The sudden onset of the … innovation in innovation generation. Prizes are an important tool for this purpose.World stock markets have lost trillions in …

whether – and how – prizes may encourage innovation, even without a cash award. Baseline tests compare changes in patents per … may encourage innovation, even in the absence of a cash award. It compares changes in patents per year after 1851 for …Prizes have become a prominent alternative to patents as a mechanism to encourage innovation. This paper exploits the …

innovation. On this view, patents are government grants of private property rights that result in market-based, ex post rewards …The traditional view is that patents and prizes stand in stark contrast to one another as means for promoting … in exchange for placing the innovation into the public domain. Recently, several commentators have questioned this …

criteria for the selection of Prize candidates and Award Winning contributions. -- Entrepreneurship ; Innovation ; Research …The International Award for Entrepreneurship and Small Business Research was instituted in 1996, and it is now firmly … further: The name is changed to The Global Award for Entrepreneurship Research, the Prize sum is roughly doubled to 100 …

to the award. The effect is more pronounced for competitors who have not received an award themselves, who are … geographically close to an award winner and who are not entrenched. We observe an increase in risk-taking, operating performance and … innovation activity of superstars’ competitors as potential channels for this positive performance. Our results suggest a …