3 ms·
I think prize economics is really interesting... though practically speaking, there's probably a limited class of problems that could be better solved by using
by kalvin 18y ago
I think prize economics is really interesting... though practically speaking, there's probably a limited class of problems that could be better solved by using prizes. (I think "the auto industry" will do just fine without any kind of prize.)
Check out these articles:
"The Bogus $1 Million Meat Prize"
http://www.slate.com/id/2189693/ http://www.slate.com/id/2189693/
"Should the government start handing out prizes for science breakthroughs?"
http://www.slate.com/id/2182663/pagenum/2 http://www.slate.com/id/2182663/pagenum/2