Now showing items 1-1 of 1
Contingent payments in selection contests
(Working paper; Arbeidsnotat, 2005-04)
The early literature on research contests stressed the advantages of a fixed prize in inspiring R&D effort. More recently the focus has moved towards endogenizing the rewards to research activity in these tournament settings, since this can induce extra effort or enhance the surplus of the buyer. We focus on a research contest as a means of selecting a partner for an R&D enterprise, in an ...