Prizes and contests

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A prize is something of value given to reward success in a contest or to recognize outstanding achievement. Prizes have been proposed as an alternative to existing methods for incentivizing innovation, such as patents and grants.[1] Prizes are also sometimes competitions. 

Graff Zivin, Joshua & Elizabeth Lyons (2020) The effects of prize structures on innovative performance, no.working paper 26737, National Bureau of Economic Research.

A prize is something of value given to reward success in a contest or to recognize outstanding achievement. Prizes have been proposed as an alternative to existing methods for incentivizing innovation, such as patents and grants (Clancy & Moschini 2013).grants.[1]

BibliographyFurther reading

Clancy, Matthew S. & Gian Carlo Moschini (2013) Incentives for innovation: Patents, prizes, and research contracts, Applied Economic Perspectives and Policy, vol. 35, pp. 206–241.

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    Clancy, Matthew S. & Gian Carlo Moschini (2013) Incentives for innovation: Patents, prizes, and research contracts, Applied Economic Perspectives and Policy, vol. 35, pp. 206–241.

A prize is something of value given to reward success in a contest or to recognize outstanding achievement. Prizes have been proposed as an alternative to existing methods for incentivizing innovation, such as patents orand grants (Clancy & Moschini 2013).

Use theA Prizeprize tagis something of value given to reward success in a contest or to recognize outstanding achievement. Prizes have been proposed as an alternative to existing methods for posts that promise aincentivizing innovation, such as patents or grants (Clancy & Moschini 2013).

Bibliography

Brunt, Liam, Josh Lerner & Tom Nicholas (2012) Inducement prizes and innovation, Journal of Industrial Economics, vol. 60, pp. 657–696.

Clancy, Matthew S. & Gian Carlo Moschini (2013) Incentives for innovation: Patents, prizes, and research contracts, Applied Economic Perspectives and Policy, vol. 35, pp. 206–241.

Graff Zivin, Joshua & Elizabeth Lyons (2020) The effects of prize (usually, cash as a financial incentive) for getting involved with some project.structures on innovative performance, no. 26737,

For posts that won the "Forum Prize" use theStiglitz, Joseph (2006) Forum PrizeInnovation: A better way than patents tag., New Scientist, September 17.

Use the **Prize ** tag for posts that promise a prize (usually, cash as a financial incentive) for getting involved with some project.

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