The development of formal ICT standards is a challenging form of collaborative innovation, combining consensus decision … panel of standards, we then confirm empirically the prediction that consortia have different effects on innovation under a … Public Good or Rent Seeking regime. Overall, we observe an increase in innovation after a firm joined a consortium. However …

The prize system for innovation has been criticized as impractical due to the lack of a workable formula or algorithm … can function to duplicate Pareto optimality. Under this system, any bountiable innovation is placed in the public domain …, and the prize of innovation is dynamically amortized in an infinitely time domain as periodic bounties paid to holders of …

The prize system for innovation has been criticized as impractical due to the lack of any workable formula or algorithm … can function to duplicate Pareto optimality. Under this system, any bountiable innovation is placed in the public domain …, and the prize of innovation is dynamically amortized in an infinite time domain as periodic bounties paid to holders of …