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https://hdl.handle.net/10419/37502
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Prüfer, Jens | en |
dc.date.accessioned | 2010-08-11T09:10:49Z | - |
dc.date.available | 2010-08-11T09:10:49Z | - |
dc.date.issued | 2010 | - |
dc.identifier.uri | http://hdl.handle.net/10419/37502 | - |
dc.description.abstract | 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. | en |
dc.language.iso | eng | en |
dc.publisher | |aVerein für Socialpolitik |cFrankfurt a. M. | en |
dc.relation.ispartofseries | |aBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Information and Contests |xD16-V1 | en |
dc.subject.jel | D02 | en |
dc.subject.jel | L10 | en |
dc.subject.jel | O31 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Innovation | en |
dc.subject.keyword | Organized Competitions | en |
dc.subject.keyword | Entrepreneurs | en |
dc.subject.keyword | Institutional Design | en |
dc.subject.keyword | Business Plan Competitions | en |
dc.subject.keyword | Auctions | en |
dc.title | Semi-Public Competitions | - |
dc.type | Conference Paper | en |
dc.identifier.ppn | 654800529 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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