INDUCEMENT PRIZES AND INNOVATION

被引：52

作者：

Brunt, Liam ^{[1
]}

Lerner, Josh ^{[2
,3
]}

Nicholas, Tom ^{[4
]}

机构：

[1] Norwegian Sch Econ & Business Adm, Dept Econ, NO-5045 Bergen, Norway

[2] Harvard Univ, Sch Business, Boston, MA 02163 USA

[3] NBER, Entrepreneurial Management Unit, Boston, MA 02163 USA

[4] Harvard Univ, Sch Business, Entrepreneurial Management Unit, Boston, MA 02163 USA

来源：

JOURNAL OF INDUSTRIAL ECONOMICS | 2012年 / 60卷 / 04期

关键词：

PATENTS; CONTRACTS; RENEWAL; GROWTH;

D O I：

10.1111/joie.12002

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

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 large effects of the prizes on competitive entry and we also detect an impact on patents, especially when prize categories were set by a strict rotation scheme, thereby mitigating the potentially confounding effect that they targeted only 'hot' technology sectors. Prizes encouraged competition and medals were more important than monetary awards. The boost to innovation we observe cannot be explained by the re-direction of existing inventive activity.

引用

页码：657 / 696

页数：40

共 40 条

[1]

[Anonymous], REV EC STUDIES

[2]

[Anonymous], 2008, INTELLECTUAL MONOPOL

[3]

[Anonymous], 2000, PROTECTING THEIR INT

[4] Factor prices and productivity growth during the British industrial revolution [J].

Antràs, P ;

Voth, HJ .

EXPLORATIONS IN ECONOMIC HISTORY, 2003, 40 (01) :52-77

[5]

British Patent Office, 1839, OFFICIAL J PATENTS

[6]

Chari V. V., 2009, PRIZES PATENTS UNPUB

[7]

Clark G., 2002, The Agricultural Revolution and the Industrial Revolution: England, 1500-1912

[8] Steam as a general purpose technology: A growth accounting perspective [J].

Crafts, N .

ECONOMIC JOURNAL, 2004, 114 (495) :338-351

[9]

Crafts N.F. R., 1985, British Economic Growth during the Industrial Revolution

[10]

DAVID P, 1971, ESSAYS MATURE EC BRI, P145

← 1 2 3 4 →