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来源类型Working Paper
规范类型报告
DOI10.3386/w26737
来源IDWorking Paper 26737
The Effects of Prize Structures on Innovative Performance
Joshua Graff Zivin; Elizabeth Lyons
发表日期2020-02-10
出版年2020
语种英语
摘要Successful innovation is essential for the survival and growth of organizations but how best to incentivize innovation is poorly understood. We compare how two common incentive schemes affect innovative performance in a field experiment run in partnership with a large life sciences company. We find that a winner-takes-all compensation scheme generates significantly more novel innovation relative to a compensation scheme that offers the same total compensation, but shared across the ten best innovations. Moreover, we find that the elasticity of creativity with respect to compensation schemes is much larger for teams than individual innovators.
主题Labor Economics ; Labor Supply and Demand ; Other ; Accounting, Marketing, and Personnel ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w26737
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/584411
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GB/T 7714
Joshua Graff Zivin,Elizabeth Lyons. The Effects of Prize Structures on Innovative Performance. 2020.
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