This paper studies optimal contest design for competitive experimentation. The principal seeks contributions from multiple agents whose experimentation efforts are unobservable. To induce effort, the contest must provide agents with an information rent that increases in the duration of the...

This paper studies the effect of trade opportunities on a seller's incentive to acquire information through experimentation. I characterize the unique equilibrium outcome and discuss the effects of variations in the information structure on the probability of trade. The main result is that more...

This paper studies optimal contest design for competitive experimentation. The principal seeks contributions from multiple agents whose experimentation efforts are unobservable. To induce effort, the contest must provide agents with an information rent that increases in the duration of the...