不完全信息R&D竞赛费用支付方式比较

Abstract

Abstract: On the side of sponsor,based on game theory,this paper presents an up-front fixed-prize R&D contest model and an auction R&D contest model,compares the sponsor’s total expected income at different payment structure.It is pointed out that:under incomplete information comducting aution will generally reduce the sponsor’s prize expenditure relative to fixed-prize contest.

Key words: R&D contest, incomplete information, payment structure, comparison

CLC Number:

F224

HAN Jian-jun, TAN De-qing, GUO Yao-huang. Comparison on Payment Structure of R&D Contest with Incomplete Information[J]. Chinese Journal of Management Science, 2005, (6): 102-107.

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Comparison on Payment Structure of R&D Contest with Incomplete Information

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