We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random …

We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random …

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 …

We investigate optimal rewards in an R&D model where substitute ideas for innovation arrive to random recipients at …

This paper investigates the relationship between product market competition (PMC) and innovation. A Schumpeterian …, competition may also reduce innovation incentives for laggards. This model generates four main predictions which we test … empirically. First, the relationship between product market competition (PMC) and innovation is an inverted U-shape: the escape …