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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...
Persistent link: https://www.econbiz.de/10012897926
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...
Persistent link: https://www.econbiz.de/10014353376