This is such a cool video that I needed to find a link to managerial economics so I could post it. Here it is: a "prize" is a better way of encouraging innovation than subsidies. See our earlier post, Prizes (McCain, battery) vs. subsidies (Obama, ethanol)
Wednesday, March 20, 2013
Innovation in sailboat racing driven by contest
This is such a cool video that I needed to find a link to managerial economics so I could post it. Here it is: a "prize" is a better way of encouraging innovation than subsidies. See our earlier post, Prizes (McCain, battery) vs. subsidies (Obama, ethanol)
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