rates and radicalness. This research introduces and develops the new staged competition innovation theory which builds on … the well-understood diffusion of innovation theory and the Technology-Organisation-Environment framework to explain how … innovation activity. The new theory comprises three principles that demonstrate how a well-designed staged competition provides …

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 …