尝辞肠补濒颈迟脿Room BZ E4.22, Universit盲tsplatz 1 - Piazza 鲍苍颈惫别谤蝉颈迟脿, 1, 39100 Bozen-Bolzano
Dipartimenti Press and Events
Contatto sabine.zanin@unibz.it
Bid preferences as incentives for innovation: Experimental evidence
Luca Corrazzini, 鲍苍颈惫别谤蝉颈迟脿 degli Studi di Padova
尝辞肠补濒颈迟脿Room BZ E4.22, Universit盲tsplatz 1 - Piazza 鲍苍颈惫别谤蝉颈迟脿, 1, 39100 Bozen-Bolzano
Dipartimenti Press and Events
Contatto sabine.zanin@unibz.it
(with Riccardo Camboni, Elisabetta Iossa, and PaolaValbonesi)
Abstract. Procuring an innovation involves motivatingresearch effort to design an innovative project and then implementing thatproject efficiently. We adapt the theoretical setting in Che, Iossa and Rey(2017) and investigate experimentally the impact of awarding a bid preferenceto the innovator in the tender for the implementation of the innovativeproject. Our results confirm the theoretical predictions that a bid preferenceto the innovator increases research incentives, buyer surplus and welfare. However,contrary to the theory, we find that bid preferences do not increase the finalprice payed by buyers. We rationalize this finding as due to a sunk cost bias.