whether – and how – prizes may encourage innovation, even without a cash award. Baseline tests compare changes in patents per … may encourage innovation, even in the absence of a cash award. It compares changes in patents per year after 1851 for …Prizes have become a prominent alternative to patents as a mechanism to encourage innovation. This paper exploits the …

century. However, Daguerre's “patent buyout,” the longitude prize, inducement prizes for butter substitutes and billiard balls … and potentially misleading case studies. Daguerre, for instance, never obtained a patent in France and, instead, lobbied … findings in part explain why innovation prizes lost favour as a technology policy instrument in both the United States and …

century. However, Daguerre's "patent buyout," the longitude prize, inducement prizes for butter substitutes and billiard balls … and potentially misleading case studies. Daguerre, for instance, never obtained a patent in France and, instead, lobbied … findings in part explain why innovation prizes lost favour as a technology policy instrument in both the United States and …