Innovation Inducement Prizes: Connecting Research to Policy

  title={Innovation Inducement Prizes: Connecting Research to Policy},
  author={Heidi L. Williams},
  journal={Journal of Policy Analysis and Management},
  • Heidi L. Williams
  • Published 1 June 2012
  • Economics
  • Journal of Policy Analysis and Management
Innovation inducement prizes have been used for centuries. In the United States, a recent federal policy change—the America COMPETES Reauthorization Act of 2010— clarified and simplified a path by which all federal agencies can offer innovation inducement prizes, thus intensifying interest in how government agencies can most effectively design and apply such prizes. This paper aims to review and synthesize the academic literature on innovation inducement prizes, to clarify what has been learned… 
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