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This paper analyzes the design of innovation contests when the quality of an innovation depends on the research … suppliers. We also compare other common contests, in particular, fixed-prize tournaments and auctions. Like bonus tournaments …
Persistent link: https://www.econbiz.de/10011410264
We consider the design of contests for n agents when the principal can choose both the prize profile and the contest … success function. Our framework includes Tullock contests, Lazear-Rosen tournaments and all-pay contests as special cases …
Persistent link: https://www.econbiz.de/10012223823
We study strategic investment decisions in multi-stage contests with heterogeneous players. Our theoretical model of a …
Persistent link: https://www.econbiz.de/10011962333
Persistent link: https://www.econbiz.de/10012229100
The literature on R&D contests implicitly assumes that contestants submit their innovation regardless of its value …
Persistent link: https://www.econbiz.de/10003848872
This paper analyzes the design of innovation contests when the quality of an innovation depends on the research …
Persistent link: https://www.econbiz.de/10011297657
This paper analyzes the design of innovation contests when the quality of an innovation depends on the research … suitable contests can induce such variety. The buyer-optimal contest is a bonus tournament, where suppliers can choose only …
Persistent link: https://www.econbiz.de/10011993710
This paper analyzes the design of innovation contests when the quality of an innovation depends on the research … option value. We show that suitable contests can induce such variety. The optimal contest is a bonus tournament, where …
Persistent link: https://www.econbiz.de/10011667487
We introduce three variations of the Hirshleifer-Skaperdas conflict game to study experimentally the effects of post-conflict behavior and repeated interaction on the allocation of effort between production and appropriation. Without repeated interaction, destruction of resources by defeated...
Persistent link: https://www.econbiz.de/10009771751
It is difficult to test the prediction that future career prospects create implicit effort incentives because researchers cannot randomly “assign” career prospects to economic agents. To overcome this challenge, we use data from professional soccer, where employees of the same club face...
Persistent link: https://www.econbiz.de/10010442390