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The recent renaissance in the use of prizes to spur innovation and extraordinary novel performance warrants close attention. Luciano Kay does so through a series of compelling case studies which shows the potential of prizes, the range of factors that influence their performance and the importance of understanding their non-pecuniary dimensions, even when there is a substantial purse. This is an important contribution to the innovation literature.'- David J. Teece, University of California, Berkeley, US'In the last decade innovation prizes have caught the imagination of policy makers and rich donors alike; those who actually care about the process and outcome of prizes and not only the hype, would do well to read Luciano s new book.'- Dan (Danny) Breznitz, Georgia Institute of Technology, USInducement prizes - in which cash rewards are offered to motivate the attainment of specific targets - have long been used to stimulate scientific discovery and technology research and development. This volume presents an empirical investigation of the effect of these prizes on innovation.In this in-depth study, Luciano Kay focuses on three recent cases of prize competitions in the aerospace ind

Author

Kay, Luciano

Publisher

Edward Elgar Publishing Ltd

Published

2012

Language

EN

ISBN

9781781006481