Dear All,

on Thursday 23, we have Marina Schröder (University of Hannover) in our ULME seminar (4:15 pm, Heho 18, 1.20). She will talk about "Input- versus Output-based Incentives in Idea Generation - An Experimental Analysis".

Marina will be around in the afternoon and for dinner. If you like to meet her or join for dinner, please let me know.

Best,-

Sandra Ludwig

Abstract: In an experimental idea generation context, we study the effect of input-based incentives, which reward time invested to generate ideas, and output-based incentives, which reward the number of innovative ideas generated. We find that compared to a fixed wage, both input and output incentives increase the average number of innovative ideas. For input incentives, this increase is due to an increase in the time spent generating ideas. For output incentives, this increase is due to an increase in the time spent and in the number of ideas generated per unit of time. We can show that output incentives cause a shift in the types of ideas generated, with individuals focusing on less time-intensive ideas.