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  • 03 Jun 2011
  • Working Paper Summaries

Inducement Prizes and Innovation

Keywords: by Liam Brunt, Josh Lerner & Tom Nicholas
  • 24 May 2011
  • First Look

First Look: May 24

responsibility.   Working PapersInducement Prizes and Innovation Authors:Liam Brunt, Josh Lerner, and Tom Nicholas Abstract We examine the effect of prizes on innovation using data on awards for... View Details
Keywords: Sean Silverthorne
  • 22 Aug 2011
  • Research & Ideas

Getting to Eureka!: How Companies Can Promote Creativity

spaceflight to lightbulbs. But do these rewards really spur inventors to new ideas they wouldn't have come up with on their own? That's the question Professor Josh Lerner set out to answer in recent research... View Details
Keywords: by Michael Blanding
  • December 2012
  • Article

Inducement Prizes and Innovation

By: Liam Brunt, Josh Lerner and Tom Nicholas
We examine the effect of prizes on innovation using data on awards for technological development offered by the Royal Agricultural Society of England at annual competitions between 1839 and 1939. We find that the effects of prizes on competitive entry are large, and we... View Details
Keywords: Motivation and Incentives; Patents; Innovation and Invention; Information Technology; Growth and Development; England
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  • 22 Jun 2011
  • Sharpening Your Skills

Sharpening Your Skills: Motivation

is that inventors cannot win these competitions if they cannot come up with funding to realize their inventions, and research and development costs often exceed the amount of the cash prize. So, does the incentive of an eventual prize really induce innovation? In this... View Details
Keywords: Re: Multiple Faculty