Fixed-prize tournaments versus first-price auctions in innovation contests

DOI10.1007/S00199-007-0208-9MaRDI QIDQ2472435zbMATH OpenOpenAlexFDO

Authors Anja Schöttner

Publication date 22 February 2008

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-007-0208-9

zbMATH Keywords

auctioninnovation contestqualitytournament

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• Innovation contests with entry auction
• Rank-order innovation tournaments
• INDUCING VARIETY: A THEORY OF INNOVATION CONTESTS
• Prizes versus contracts as incentives for innovation
• Innovation contests with temporary and endogenous monopoly rents

Cites work

• Asymmetric Auctions
• Comparative statics in first price auctions
• Investment Incentives in Procurement Auctions
• Log-concave probability and its applications
• Logconcavity versus logconvexity: A complete characterization
• Market Structure and Innovation
• The all-pay auction with complete information

Cited in

(15)

• Information revelation in competitive markets
• On the optimality of small research tournaments
• Efficiency versus optimality in procurement
• Tournaments with gaps
• All-pay auctions with ties
• Rank-order innovation tournaments
• Optimal Award Scheme in Innovation Tournaments
• Innovation contests with entry auction
• Prizes versus contracts as incentives for innovation
• INDUCING VARIETY: A THEORY OF INNOVATION CONTESTS
• The nature of tournaments
• On the impact of information manipulation in democratic elections
• Incentivizing variety in innovation contests with specialized suppliers
• Innovation contests with temporary and endogenous monopoly rents
• Optimal risk taking in an uneven tournament game with risk averse players

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