Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/37502
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dc.contributor.authorPrüfer, Jensen_US
dc.date.accessioned2010-08-11T09:10:49Z-
dc.date.available2010-08-11T09:10:49Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/37502-
dc.description.abstractThe 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_US
dc.language.isoengen_US
dc.publisher|aVerein für Socialpolitik |cFrankfurt a. M.en_US
dc.relation.ispartofseries|aBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Information and Contests |xD16-V1en_US
dc.subject.jelD02en_US
dc.subject.jelL10en_US
dc.subject.jelO31en_US
dc.subject.ddc330en_US
dc.subject.keywordInnovationen_US
dc.subject.keywordOrganized Competitionsen_US
dc.subject.keywordEntrepreneursen_US
dc.subject.keywordInstitutional Designen_US
dc.subject.keywordBusiness Plan Competitionsen_US
dc.subject.keywordAuctionsen_US
dc.titleSemi-Public Competitionsen_US
dc.typeConference Paperen_US
dc.identifier.ppn654800529-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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