Challenge prize publications

The following is a list of publications and academic reading on the subject of challenge prizes:

The economics of invention incentives: patents, prizes, and research contracts.
Wright, B.D. (1983) The economics of invention incentives: patents, prizes, and research contracts.  'American Economic Review.' 73, pp.691-707.

Prizes and Incentives: Towards a General Theory of Compensation and Competition.
Nalebuff, B.J. and Stiglitz, J.E. (Spring, 1983) Prizes and Incentives: Towards a General Theory of Compensation and Competition. 'The Bell Journal of Economics.' Vol. 14, No. 1., pp. 21-43.

Inducement Prizes and Innovation
Brunt, L., Lerner, J. and Nicholas, T. (2008) 'Inducement Prizes and Innovation.' .Discussion Paper No. 6917.

Marginality and Problem-Solving Effectiveness in Broadcast Search
Jeppesen, L.B. and Lakhani, K.R. (2010) Marginality and Problem-Solving Effectiveness in Broadcast Search.'Organization Science.' Articles in Advance, pp. 1-18.

And the winner is ...Capturing the promise of philanthropic prizes.
McKinsey & Company (2009) 'And the winner is ...Capturing the promise of philanthropic prizes.'

Patents or prizes: Monopolistic R&D and asymmetric information.  
De Laat, E. A.A. (1996) Patents or prizes: Monopolistic R&D and asymmetric information.  'International Journal of Industrial Organization.' 15, pp.369-390.

The Economics of Climate Change Prizes: Prize Synthesis.
Defra and NESTA (2007) 'The Economics of Climate Change Prizes: Prize Synthesis.' London:Vivid Economics.

Evidence Review - Environmental Innovation Prizes for Development. 

Everett, B. (2011) Evidence Review - Environmental Innovation Prizes for Development. 'DEW Point Enquiry.' No. A0405.

The Value of Openness in Scientific Problem Solving.     

Lakhani, K.R., Jeppesen, L.B., Lohse, P.A and Panetta, J.A (2006) 'The Value of Openness in Scientific Problem Solving.' Harvard Business School, No. 07--5-.

Using social challenge prizes to support people-powered innovation.    

Purewal, V. Goddard, C. McCarthy, K. (2010) 'Using social challenge prizes to support people-powered innovation.' London: NESTA

Innovation and Research Strategy for Growth BIS.          

'Innovation and Research Strategy for Growth BIS.' Economics Paper No. 15 December 2011.

Payback: Reaping the Rewards of Innovation.   

Andrew, J. P., Butman, J. and  Sirkin, H. L. (2007) Payback: Reaping the Rewards of Innovation. New York: Harvard Business School Press.

The Optimal Allocation of Prizes in Contests.      

Moldovanu, B. and Sela A. (2001) The Optimal Allocation of Prizes in Contests. The American Economic Review Vol. 91, No. 3, pp. 542-558: American Economic Association.

Prize Proliferation.         

Best, J. (2008) 'Prize Proliferation'  Sociological Forum Vol. 23, No. 1, pp. 1-27: Springer.

Winning the Culture Game: Prizes, Awards, and the Rules of Art.             

English, J. F. (2002) Winning the Culture Game: Prizes, Awards, and the Rules of Art. New Literary History Vol. 33, No. 1, Reconsiderations of Literary Theory, Literary History, pp. 109-135.

Incentivizing Innovation: Adding to the Tool Kit.               

Kremer, M. and Williams, H. (2010) Incentivizing Innovation: Adding to the Tool Kit. Innovation Policy and the Economy Vol. 10, No. 1, pp. 1-17 : The University of Chicago Press.

Prizes for Energy Innovation: Incentives for Today's Challenges

X PRIZE Lab@MIT (2010) 'Prizes for Energy Innovation: Incentives for Today's Challenges' Energy Innovation Working Paper 10-001

Inducing Innovation Through Prizes.      

Morgan, J. (2008) 'Inducing Innovation Through Prizes.' Cambridge, MA: MIT Press.

Patents, inducement prizes, and contestant strategy: Do patents "crowd out" prizes?   

"Davis, L. and Davis, J. (2006) Patents, inducement prizes, and contestant strategy: Do patents "crowd out" prizes? Working Paper. "

Accelerating innovation with prize rewards: A history and typology of prize contests, with motivation for a new contest design for innovation in African Agriculture.       

Masters, W. A. (2008) Accelerating innovation with prize rewards: A history and typology of prize contests, with motivation for a new contest design for innovation in African Agriculture. IFPRI Discussion Paper 00835.

Eyes on a climate prize: Rewarding Energy Innovation to Achieve Climate Stabilization   

Adler, J. (2010) Eyes on a climate prize: Rewarding Energy Innovation to Achieve Climate Stabilization. Case Western Reserve University School of Law.

The Application and Administration of Inducement Prizes in Technology               

Schroeder, A. (2004) The Application and Administration of Inducement Prizes in Technology. Independence Institute.

Promoting Innovation: Prizes, Challenge and Open Grant Making            

Rourke, B. (2010) Promoting Innovation: Prizes, Challenge and Open Grant Making. The Mannakee Circle Group.

Prizes for Technological Innovation.       

Kalil, T. "Prizes for Technological Innovation." Brookings Institute Discussion Paper. Washington, DC: Brookings Institute, 2006.

X PRIZE Foundation: Revolution Through Competition.  

Hoyt, D. and James P. (2007) "X PRIZE Foundation: Revolution Through Competition." Stanford Graduate School of Business Case. Boston, MA: Harvard Business School Publishing.

How Effective Are Prizes as Incentives to Innovation? Evidence from Three 20th Century Contests.

Davis, L. (2004)"How Effective Are Prizes as Incentives to Innovation? Evidence from Three 20th Century Contests." Paper for the Druid Summer Conference on Industrial Dynamics. Copenhagen, Denmark, June 14-16, 2004.

Should We Consider Alternative Incentives for Basic Research? Patents vs. Prizes.           

Davis, L. (2002) "Should We Consider Alternative Incentives for Basic Research? Patents vs. Prizes." Paper for the Druid Summer Conference on Industrial Dynamics. Copenhagen: Copenhagen Business School.

Longitude: The True Story of a Lone Genius Who Solved the Greatest Scientific Problem of His Time.

Sobel, D. (2007) Longitude: The True Story of a Lone Genius Who Solved the Greatest Scientific Problem of His Time. New York, NY: Walker Publishing Company.

Federally Funded Innovation Inducement Prizes.            

D, D, Stine. (2010) Federally Funded Innovation Inducement Prizes.

The effect of inducement prizes on innovation: evidence from the Ansari X Prize and the Northrop Grumman Lunar Lander Challenge.          

Kay, L. (2011). "The effect of inducement prizes on innovation: evidence from the Ansari X Prize and the Northrop Grumman Lunar Lander Challenge." R&D Management, 41, 4, 360-377.

Managing Innovation Prizes in Government.      

Kay, L. (2011). Managing Innovation Prizes in Government. The IBM Center for the Business of Government.

The incentives and disincentives of innovation prizes: A survey of the dropout teams from Progressive Insurance Automotive X PRIZE.     

Murray, F., E ,Wagner., B, Bhushan.(2010)The incentives and disincentives of innovation prizes: A survey of the dropout teams from Progressive Insurance Automotive X PRIZE. Thesis at MIT.

Solving The World's Toughest Challenges in Grand Fashion.        

InnoCentive. (2011) Solving The World's Toughest Challenges in Grand Fashion. White Paper.

Selected innovation prizes and reward programs.            

(2008)Selected innovation prizes and reward programs. KEI Research

Prize Purses, Innovation & the Leverage Effect.                

White Paper: Prize Purses, Innovation & the Leverage Effect.

The Power of the Prize.               

Kamenetz, A. (2008) 'The Power of the Prize'. Fastcompany.com

Prizes: The Neglected Innovation Incentive        

Saar, J. (2006) ' Prizes: The Neglected Innovation Incentive.' Lund: Lund University.

Grand Innovation Prizes: A theoretical, normative, and empirical evaluation

(2012) Murray, F. Stern, S. Campbell, G. and MacCormack, A. Research  Policy, 14 pp. 1779-1792