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. …

This paper analyzes the design of innovation contests when the quality of an innovation depends on the research …