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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 about their idea quality. We introduce a new...
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aquaculture R&D, as anticipated by aquaculture experts. The fifth essay analyses econometrically the demand for fish in Germany …
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economic welfare. In this paper, we argue that previous economic research on R&D has overlooked an important difference between … products. This overlap between input supply and output demand has non-standard effects on innovative returns over time and …-related innovations"--National Bureau of Economic Research web site …
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