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CHALLENGES, PRIZE PROGRAMS, AND THE OPPORTUNITY FOR GOVERNMENT
Challenges and prize competitions are a severely underused tool that should be systematically instituted by governments in order to rectify the considerable problems and market failures that exist within the innovation system. After enjoying a series of dramatic innovation success stories during the industrial era (including the steam engine, automobile, and aviation technology breakthroughs), the deployment of prize competitions languished markedly in the twentieth century. N/A DOWNLOAD