It has been argued that monetary incentives restrain individual creativity and hamper performance in jobs requiring out … also when individuals work together to solve such problems. We do not find a negative impact of incentives on group … performance. As a comparison we ran the same experiment (the Candle Problem) with and without incentives for individuals as well …

destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP …

discuss what standards are, how the process of standardization works, and how standards are related to induced innovation and …This paper aims to help policy makers identify how standards can contribute to the effective and cost …-saving technologies. This broad perspective enables us to identify interesting economic dimensions of standards, such as their …

significant impact. Finally, either regulatory instrument may induce the highest technology investment levels. …

reduced emission abatement in the US, but also the spillover effects on technology and countries’ relative bargaining power …&D cooperation. This paper explores this idea by analysing on the one hand the incentives for EU, Japan and Russia to adopt this … strategy, and on the other hand the incentives for the US to join a coalition which cooperates both on climate change control …

that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … innovative activity. While overoptimism leads to an innovation enhancing effect, judgmental overconfidence inhibits innovation …. Our results indicate that future research is well advised to take into account that the relationship between innovation …

We study innovation contests with asymmetric information and identical contestants, where contestants’ efforts and … highest quality and receives the revenue generated by the innovation. We characterize the equilibrium behavior, outcomes and …

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …

Substantial elements of innovation have been observable during recent years in rig supply, in particular regarding … under pressure. On the basis of theory and available empirical insights, the paper outlines the conditions where specific …