Innovation Contests, Open Innovation, and Multiagent Problem Solving
Abstract
In an innovation contest, a firm (the seeker) facing an innovation-related problem (e.g., a technical R&D problem) posts this problem to a population of independent agents (the solvers) and then provides an award to the agent that generated the best solution. In this paper, we analyze the interaction between a seeker and a set of solvers. Prior research in economics suggests that having many solvers work on an innovation problem will lead to...
Paper Details
Title
Innovation Contests, Open Innovation, and Multiagent Problem Solving
Published Date
Sep 1, 2008
Journal
Volume
54
Issue
9
Pages
1529 - 1543
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