Now showing items 1-2 of 2

    • Digging for Golden Carrots: An Analysis of Research Tournaments 

      Taylor, Curtis R (1995)
      Contracting for research is often infeasible because research inputs are unobservable and research outcomes cannot be verified by a court. Sponsoring a research tournament can resolve these problems. A model is presented ...
    • The Economics of Breakdowns, Checkups, and Cures 

      Taylor, Curtis R (1995)
      A market in which the owner of a durable good, X, contracts with an expert for diagnostic and treatment services is studied. Good X may be in one of three states: health, disease, or failure. Only experts can determine whether ...