Some Resources on Innovation Prizes and Related Mechanisms

by Michael Ash

Thanks very much to Jamie for initiating this discussion and for including me.

I am going to post several links to resourcesf or key papers in the field, and I hope that they are useful. Maybe it would be possible to create a static page with these and other useful resources.

Consumer Project on Technology's page on H.R. 417 The Medical Innovation Prize Fund Act including a link to the text of the act
http://www.cptech.org/ip/health/hr417/

An Efficient Reward System for Pharmaceutical Innovation (Aidan Hollis)
http://econ.ucalgary.ca/fac-files/ah/drugprizes.pdf

Patent Buyouts: A Mechanism for Encouraging Innovation
(Michael Kremer, The Quarterly Journal of Economics, Vol. 113, No. 4. (Nov., 1998), pp. 1137-1167. Link requires JSTOR access.)
http://links.jstor.org/sici?sici=0033-5533%28199811%29113%3A4%3C1137%3APBAMFE%3E2.0.CO%3B2-D

Rewards versus Intellectual Property Rights
(Steven Shavell and Tanguy Van Ypersele)
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=145292
http://www.law.harvard.edu/faculty/shavell/pdf/44_J_Law_Econ_525.pdf