This paper provides a systematic examination of the use of a Grand Innovation Prize (GIP) in action – the Progressive Automotive Insurance X PRIZE – a $10 million prize for a highly efficient vehicle. Following a mechanism design approach we define three key dimensions for GIP evaluation:...

The objective of this paper is to evaluate the role that formal intellectual property rights (IPR) play in shaping the downstream demand for knowledge that is initially disclosed through scientific publication in fields where research is generated and utilized across different institutional...