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This paper studies innovation tournaments in which an organizer seeks solutions to an innovation-related problem from a number of agents. Agents exert effort to improve their solutions but face uncertainty about their solution performance. The organizer is interested in obtaining multiple...
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In an innovation tournament, an organizer solicits innovative ideas from a number of independent agents. Agents exert effort to develop their solutions, but their outcomes are unknown due to technical uncertainty and/or subjective evaluation criteria. In order to incentivize agents to make their...
Persistent link: https://www.econbiz.de/10014128600