GE is pioneering the development of market‐based methods for allocating research budget to internal projects. To be effective, a market for ideas must provide appropriate incentives for the creation of valuable ideas and it must result in sufficiently accurate evaluation of ideas.
The design of idea markets: an economist’s perspective
OTTAVIANI, MARCO M.
2009
Abstract
GE is pioneering the development of market‐based methods for allocating research budget to internal projects. To be effective, a market for ideas must provide appropriate incentives for the creation of valuable ideas and it must result in sufficiently accurate evaluation of ideas.
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