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The aim of of this article is present the idea of crowdsourcing by defining this phenomenon and to provide basic … typology of crowdsourcing. In the next step, the author presents in detail the prediction markets, which are a practical … example of the implementation of the idea of crowdsourcing. The article is descriptive and systematizing knowledge of the …
Persistent link: https://www.econbiz.de/10011271651
Contests are a historically important and increasingly popular mechanism for encouraging innovation. A central concern in designing innovation contests is how many competitors to admit. Using a unique data set of 9,661 software contests, we provide evidence of two coexisting and opposing forces...
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The experience of implementing employee involvement in innovation can be viewed as a bounded opportunity. Whilst long-term strategic benefits could flow from organising participation across the workforce, creating structures that sustain such a culture is highly complex. In effect the...
Persistent link: https://www.econbiz.de/10010720353
For at least the next two years, the U.S. economy will grow more slowly than it has on average since World War II. This is the forecast of a Bayesian vector autoregression model developed and used by researchers at the Minneapolis Federal Reserve Bank. The model's previous forecast—of a very...
Persistent link: https://www.econbiz.de/10005360931
In making monetary policy, the Federal Open Market Committee (FOMC) relies in part on the Beige Book, a report on regional economic conditions released publicly about two weeks before each FOMC meeting. The Beige Book summarizes economic conditions in each of the twelve Federal Reserve districts...
Persistent link: https://www.econbiz.de/10005360956
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Has American economic progress slowed dramatically—or even stopped? Or are the statistics wrong: has the U.S. economy been experiencing strong growth, but our official measures fail to reflect it? In this article, Leonard Nakamura explores how economic progress is measured and discusses some...
Persistent link: https://www.econbiz.de/10005361448
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