Innovation Tournaments with Multiple Contributors

This study examines innovation tournaments in which an organizer seeks solutions to innovation-related problem from a number of agents. Agents exert effort improve their but face uncertainty about solution performance. The is interested obtaining multiple solutions—agents whose contribute the organizer’s utility are called contributors. Motivated by mixed policies observed practice, where some open and others restrict entry, we when it optimal for conduct tournament or entry. Our analysis shows that whether tied to: (1) variance as compared impact effort; (2) contributors, (3) skewness distribution. results help explain restricting entry practice well recent empirical experimental findings.