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 …This paper analyzes the design of innovation contests when the quality of an innovation depends on the research …, auctions implement the socially optimal diversity, but usually with higher rents for the suppliers. Fixed-prize tournaments …

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 …, we compare the optimal contest to scoring auctions and fixed-prize tournaments. …

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 … institutions, such as scoring auctions and fixed-prize tournaments. …

success function. Our framework includes Tullock contests, Lazear-Rosen tournaments and all-pay contests as special cases …We consider the design of contests for n agents when the principal can choose both the prize profile and the contest …

The literature on R&D contests implicitly assumes that contestants submit their innovation regardless of its value … procurer cannot commit to never bargain with innovators who bypass the contest. We compare ?xed-prize tournaments with and …

of limited monetary incentives in selection contests. …

of limited monetary incentives in selection contests. …

We establish the existence and uniqueness of pure-strategy equilibrium in two-worker rank order contests with sabotage …