Discovery Projects - Grant ID: DP170103374

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP170103374

Funding Status
Active

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Funded Activity Summary

Optimal prize structures in the innovation context. This project aims to study the optimal prize structures in innovation contests. Innovation contests spur innovation for governments, not-for-profit organizations and firms, but the optimal design of innovation contests is a problem. Innovation is important in economic growth and firm competitiveness, but the 2015 Australian Innovation System Report identifies Australia as a mediocre innovator amongst the OECD countries. This project will use an ideas-based innovation model to distinguish between easy and difficult challenges based on the availability of good ideas. The results should be important for effective incentivising of innovation through contests.

Funded Activity Details

Start Date: 01-01-2017

End Date: 31-12-2023

Funding Scheme: Discovery Projects

Funding Amount: $155,000.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Industry Economics and Industrial Organisation | Applied Economics |

ANZSRC Socio-Economic Objective (SEO)

Industrial Organisations | Technological and Organisational Innovation

Other Keywords

Applied Economics | Industrial Organisations | Industry Economics and Industrial Organisation | Technological and Organisational Innovation

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