Søk
Viser treff 1-3 av 3
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 ...
Tournaments with multi-tasking
(Working paper; Arbeidsnotat, 2005-08)
The standard contest model in which participants compete in a single dimension is well
understood and documented. In this paper we propose an extension in which competition
ensues in several dimensions and a competitor that wins a certain number of these is
awarded a prize. We look at the design of this contest from the point of view of
maximizing effort in the contest (per dimension and totally), ...
Fragmented property rights, R & D and market structure
(Working paper; Arbeidsnotat, 2005-04)
Fragmented property rights can be a factor that limits firms’ willingness
to invest in the development and commercialization of new
products. This paper studies the interaction between markets for
products and markets for intellectual property rights (patents) where
product innovation requires several complementary patents, each of
which is obtained as the result of a patent race. We show that ...