Contests as innovation policy instruments: lessons from the US federal agencies’ experience - Archive ouverte HAL Access content directly
Journal Articles Technological Forecasting and Social Change Year : 2018

Contests as innovation policy instruments: lessons from the US federal agencies’ experience

Abstract

An increase of the innovation contests and their associated prizes have been observed since the 90s especially in the US through the sponsorship of the American Federal Agencies. The purpose of this article is to shed light on some of the direct and indirect effects of US federal agency contests not only on economic dynamics but also on social dynamics. Based on recent case studies, this paper describes the various positive impacts that federal agency contests may have: i) contests may display a strong incentive effect ex-ante and during the contest; ii) they may produce favorable spillovers after the contests, at innovation and economic levels in specified economic/industry sectors and iii) they may also play a beneficial social role, contributing to citizens' education and awareness. Nevertheless, as a contest remains a sophisticated device, public decision makers must comply with certain requirements if they wish to benefit from this particular policy tool in order to spur innovation.
Fichier principal
Vignette du fichier
Revision-Clear-29-06.pdf (222.32 Ko) Télécharger le fichier
Origin : Files produced by the author(s)
Loading...

Dates and versions

hal-02067342 , version 1 (25-03-2019)

Identifiers

Cite

Isabelle Liotard, Valérie Revest. Contests as innovation policy instruments: lessons from the US federal agencies’ experience. Technological Forecasting and Social Change, 2018, 127, pp.57-69. ⟨10.1016/j.techfore.2017.07.008⟩. ⟨hal-02067342⟩
113 View
542 Download

Altmetric

Share

Gmail Facebook X LinkedIn More