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products, used in the secondary and tertiary industrial sectors. The second part of the article defines the behavioral research … biomass in the framework of the economic model of transition to the bioeconomy. The conclusions of our research are in line … development of the producers is a direct consequence of the association of a number of factors such as innovation and technology …
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We consider a model of innovation that distinguishes between ideas and innovations. While innovation responds to … incentives, ideas are a scarce resource that provide an exogenous constraint on the rate of innovation. We investigate how the … optimal reward structure is shaped by the scarcity of ideas. Substitute ideas for innovation in the model arrive to random …
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This paper studies the relationship between optimal prizes and scarcity of ideas in innovation contests. We consider a … model where both ideas and effort are integral parts of the innovation process. Contest participants are privately informed …
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