The DOI matches its Crossref record; 27 of the 27 references it cites were found in a registry or an index.
Optimal Design of Research Contests
Abstract
Procurement of an innovation often requires substantial effort by potential suppliers. Motivating effort may be difficult if the level of effort and quality of the resulting innovation are unverifiable, if innovators cannot benefit directly by marketing their innovations, and if the buyer cannot extract up-front payments from suppliers. We study the use of contests to procure an innovation in such an environment. An auction in which two suppliers are invited to innovate and then bid their prizes is optimal in a large class of contests. If contestants are asymmetric, it is optimal to handicap the most efficient one.
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Cites
Filders, R. (1992) · International Journal of Forecasting · doi:10.1016/0169-2070(92)90130-2 · Cited by 16,165
(2013) · American Economic Review · doi:10.1257/aer.103.5.i · Cited by 15,100
Transaction-Cost Economics: The Governance of Contractual Relations
Williamson, O. E. (1979) · The Journal of Law and Economics · doi:10.1086/466942 · Cited by 10,190
The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration
Grossman, S. J., & Hart, O. D. (1986) · Journal of Political Economy · doi:10.1086/261404 · Cited by 9,352
Myerson, R. B. (1981) · Mathematics of Operations Research · doi:10.1287/moor.6.1.58 · Cited by 5,920
Vertical Integration, Appropriable Rents, and the Competitive Contracting Process
Klein, B., Crawford, R. G., & Alchian, A. A. (1978) · The Journal of Law and Economics · doi:10.1086/466922 · Cited by 5,791
Property Rights and the Nature of the Firm
Hart, O., & Moore, J. (1990) · Journal of Political Economy · doi:10.1086/261729 · Cited by 5,364
Journal of Economic Literature
Gordon, R. (2009) · American Economic Review · doi:10.1257/aer.99.2.671 · Cited by 4,808
Formal and Real Authority in Organizations
Aghion, P., & Tirole, J. (1997) · Journal of Political Economy · doi:10.1086/262063 · Cited by 3,046
An Incomplete Contracts Approach to Financial Contracting
Aghion, P., & Bolton, P. (1992) · The Review of Economic Studies · doi:10.2307/2297860 · Cited by 2,128
Cited by
Incentives and Problem Uncertainty in Innovation Contests: An Empirical Analysis
Boudreau, K. J., Lacetera, N., & Lakhani, K. R. (2011) · Management Science · doi:10.1287/mnsc.1110.1322 · Cited by 830
Humans and Technology: Forms of Conjoined Agency in Organizations
Murray, A., Rhymer, J., & Sirmon, D. G. (2021) · Academy of Management Review · doi:10.5465/amr.2019.0186 · Cited by 518
Füller, J., Hutter, K., & Faullant, R. (2011) · R&D Management · doi:10.1111/j.1467-9310.2011.00640.x · Cited by 352
Benner, M. J., & Tushman, M. L. (2015) · Academy of Management Review · doi:10.5465/amr.2015.0042 · Cited by 343
Tournament Theory: Thirty Years of Contests and Competitions
Connelly, B. L., Tihanyi, L., Crook, T. R., & Gangloff, K. A. (2014) · Journal of Management · doi:10.1177/0149206313498902 · Cited by 338
Metadata
- Authors
- Che, Y.-K., & Gale, I.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2003-05-01
- Volume
- 93
- Issue
- 3
- Pages
- 646-671
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2058495110
- Cited by
- 428
- References
- 27
- FWCI
- 12.06
- Type
- journal article
- Language
- en
- Open access
- closed
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