How Long to Read Scarcity of Ideas and Options to Invest in Research and Development
By Nisvan Erkal
How Long Does it Take to Read Scarcity of Ideas and Options to Invest in Research and Development?
It takes the average reader and 38 minutes to read Scarcity of Ideas and Options to Invest in Research and Development by Nisvan Erkal
Assuming a reading speed of 250 words per minute. Learn more
Description
We consider a model of the innovative environment where there is a distinction between ideas for R&D investments and the investments themselves. We investigate the optimal reward policy and how it depends on whether ideas are scarce or obvious. By foregoing investment in a current idea, society as a whole preserves an option to invest in a better idea for the same market niche, but with delay. Because successive ideas may occur to different people, there is a conflict between private and social optimality. We argue that private incentives to create socially valuable options can be achieved by giving higher rewards where "ideas are scarce" We then explore how rewards should be structured when the value of an innovation comes from its applications, and ideas for the innovation may be more or less scarce than ideas for the applications.
How long is Scarcity of Ideas and Options to Invest in Research and Development?
Scarcity of Ideas and Options to Invest in Research and Development by Nisvan Erkal is 37 pages long, and a total of 9,509 words.
This makes it 12% the length of the average book. It also has 12% more words than the average book.
How Long Does it Take to Read Scarcity of Ideas and Options to Invest in Research and Development Aloud?
The average oral reading speed is 183 words per minute. This means it takes and 51 minutes to read Scarcity of Ideas and Options to Invest in Research and Development aloud.
What Reading Level is Scarcity of Ideas and Options to Invest in Research and Development?
Scarcity of Ideas and Options to Invest in Research and Development is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
Where Can I Buy Scarcity of Ideas and Options to Invest in Research and Development?
Scarcity of Ideas and Options to Invest in Research and Development by Nisvan Erkal is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.
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