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dc.contributor.authorBrunt, Liam
dc.contributor.authorLerner, Josh
dc.contributor.authorNicholas, Tom
dc.date.accessioned2012-03-15T12:48:01Z
dc.date.available2012-03-15T12:48:01Z
dc.date.issued2011-12
dc.identifier.issn0804-6824
dc.identifier.urihttp://hdl.handle.net/11250/163378
dc.description.abstractWe 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 of the prizes on the quality of contemporaneous 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.no_NO
dc.language.isoengno_NO
dc.publisherNorwegian School of Economics, Department of Economicsno_NO
dc.relation.ispartofseriesDiscussion Papers;25/2011
dc.subjectawardsno_NO
dc.subjectpatentsno_NO
dc.subjectcontestsno_NO
dc.titleInducement prizes and innovationno_NO
dc.typeWorking paperno_NO
dc.subject.nsiVDP::Social science: 200::Economics: 210::Economics: 212no_NO


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