Konferenzbeitrag
Semi-Public Competitions
The process of innovation is driven by two main factors: new inventions and institutions supporting the transformation of inventions into marketable innovations. This paper proposes a new institution, called a semi-public competition, that has been neglected by the economic literature but exists frequently in practice. I show how semi-public competitions can mitigate a dilemma that arises at an early stage of innovative activity and specify the conditions under which a semi-public competition can increase welfare. The results suggest that governments promote knowledge about the semi-public competition mechanism but refrain from direct public funding of competitions.
- Sprache
-
Englisch
- Erschienen in
-
Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Information and Contests ; No. D16-V1
- Klassifikation
-
Wirtschaft
Institutions: Design, Formation, Operations, and Impact
Market Structure, Firm Strategy, and Market Performance: General
Innovation and Invention: Processes and Incentives
- Thema
-
Innovation
Organized Competitions
Entrepreneurs
Institutional Design
Business Plan Competitions
Auctions
- Ereignis
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Geistige Schöpfung
- (wer)
-
Prüfer, Jens
- Ereignis
-
Veröffentlichung
- (wer)
-
Verein für Socialpolitik
- (wo)
-
Frankfurt a. M.
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Konferenzbeitrag
Beteiligte
- Prüfer, Jens
- Verein für Socialpolitik
Entstanden
- 2010