An experimental investigation of research tournaments.

Research tournaments are predicted to encourage R&D. Recent theoretical developments in research tournaments are grounded in search theory. Although the economic intuition behind tournaments is straightforward, computing equilibrium strategies is complex. The participants compute a stopping rule bas...

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Bibliographic Details

Published in:	Economic Inquiry Vol. 37; no. 4; pp. 624 - 637
Main Authors:	Fullerton, Richard L., Linster, Bruce G., McKee, Michael
Format:	Article
Published:	Wiley-Blackwell October 1999
Subjects:	Labor economics Tournaments Industrial research Mathematical models
Online Access:	View this record in EBSCOhost