Prizes solve any advantage***
James Love, Knowledge Ecology International, and Tim Hubbard, The Wellcome Trust Sanger Institute, 2009 Summer, “Prizes for Innovation of New Medicines and Vaccines,” ANNALS OF HEALTH LAW, Volume 18, Issue 2 Summer 2009, Article 3, accessed July 2, 2024, https://lawecommons.luc.edu/cgi/viewcontent.cgi?article=1111&context=annals
The use of prizes to reward innovation has long been of interest to economists and others, as evidenced by a plethora of recent proposals to use prizes to stimulate research into areas as diverse as the environment, energy, climate control, mining, space travel, software, and airport security. 31 More recently, however, there has been a growing interest in using prizes to simulate R&D in the areas of medicinal technologies.3 2