Modulhandbuch (Module manual)

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M.184.4498 Contests and Innovation
(Contests and Innovation)

Koordinator (coordinator):	Prof. Dr. Burkhard Hehenkamp
Ansprechpartner (contact):	Tahmina Faizi (tahmina.faizi[at]uni-paderborn.de)
Credits:	5 ECTS
Workload:	150 Std (h)
Semesterturnus (semester cycle):	WS
Studiensemester (study semester):	1-4
Dauer in Semestern (duration in semesters):	1

Lehrveranstaltungen (courses):
	Nummer / Name (number / title)	Art (type)	Kontaktzeit (contact time)	Selbststudium (self-study)	Status (P/WP) (status)	Gruppengröße (group size)
a)	K.184.44981 / Contests and Innovation		30 Std (h)	60 Std (h)	P	110 TN (PART)
b)	K.184.44982 / Contests and Innovation		15 Std (h)	45 Std (h)	P	110 TN (PART)
Wahlmöglichkeiten innerhalb des Moduls (Options within the module):
Keine

Empfohlene Voraussetzungen (prerequisites):
Basic knowledge of industrial organization and game theory is helpful but not essential. We make use of the Nash equilibrium concept, its refinements, and its generalizations.

Inhalte (short description):
This master's course introduces the economics of contests and innovation. Special attention is devoted to how the two fields interrelate. We examine the static incentives to innovate for different market forms. We show how the order of incentives might reverse once the dynamic nature of competition for innovation is taken into account. This forces us to analyze the economics of innovation from a contest perspective. We first investigate contests (and innovation) deploying the standard game-theoretic approach. Subsequently, we advocate a novel economic evolutionary approach to contests and innovation. This approach is capable of explaining empirical phenomena, some of which, like e.g. ex-ante overdissipation and overbidding, cannot be explained through the standard game-theoretic approach.

Inhalte (short description):

This master's course introduces the economics of contests and innovation. Special attention is devoted to how the two fields interrelate. We examine the static incentives to innovate for different market forms. We show how the order of incentives might reverse once the dynamic nature of competition for innovation is taken into account. This forces us to analyze the economics of innovation from a contest perspective. We first investigate contests (and innovation) deploying the standard game-theoretic approach. Subsequently, we advocate a novel economic evolutionary approach to contests and innovation. This approach is capable of explaining empirical phenomena, some of which, like e.g. ex-ante overdissipation and overbidding, cannot be explained through the standard game-theoretic approach.

Lernergebnisse (learning outcomes):

Fachkompetenz Wissen (professional expertise):
Studierende... can describe what a contest is can differentiate the different types of contests can reproduce what types of approaches can be used to analyze contest behavior can define innovation are able to explain how to analyze competition for innovation understand how contests and innovation interrelate
Fachkompetenz Fertigkeit (practical professional and academic skills):
Studierende... can analyze contest behavior under the different types of approaches can relate social welfare in contests to dissipation can analyze competition for innovation
Personale Kompetenz / Sozial (individual competences / social skills):
Studierende... are able to solve problems related to contests and innovation, both individually and in groups
Personale Kompetenz / Selbstständigkeit (individual competences / ability to perform autonomously):
Studierende... can classify and critically assess scientific literature on contests and innovation can investigate complex problems related to contests and innovation

Prüfungsleistungen (examinations)
Art der Modulprüfung (type of modul examination): Modulabschlussprüfung
	Art der Prüfung (type of examination)	Umfang (extent)	Gewichtung (weighting)
a)	Klausur	90 Minuten	100.00 %

Studienleistung / qualifizierte Teilnahme (module participation requirements)
Nein

Voraussetzungen für die Teilnahme an Prüfungen (formal requirements for participating in examinations)
Keine

Voraussetzungen für die Vergabe von Credits (formal requirements for granting credit points)
Die Vergabe der Credits erfolgt, wenn die Modulnote mindestens „ausreichend“ ist

Gewichtung für Gesamtnote (calculation of overall grade)
Das Modul wird mit der Anzahl seiner Credits gewichtet (Faktor: 1)

Verwendung des Moduls in den Studiengängen (The module can be selected in the following degree programmes)
M.Sc. IBS, M.Sc. BWL, M.Sc. International Economics and Management, M.Sc. Management, M.Sc. Management Information Systems, M.Sc. Taxation, Accountingand Finance, M.Sc. Winfo, M.Sc. Wirtschaftspädagogik, M.Ed. Wirtschaftspädagogik

Umfang QT (participation requirements):

Lernmaterialien, Literaturangaben (learning material, literature):
Konrad, K., Strategy and Dynamics in Contets, Oxford University Press, 2009 Vojnovic. M., Contest Theory, Cambridge University Press, 2015

Teilnehmerbegrenzung (participant limit):
Keine

Sonstige Hinweise (additional information):
Ablaufinformationen: Further information will be provided in the first lecture. The class always starts after the first lecture (rooms and exact dates see PAUL). Methodische Umsetzung: Weekly lecture (90min per week), every two weeks tutorial (90min) Unterrichtssprache: English Kontakt: wipo@wiwi.upb.de

Sonstige Hinweise (additional information):

Ablaufinformationen:

Further information will be provided in the first lecture. The class always starts after the first lecture (rooms and exact dates see PAUL).

Methodische Umsetzung:

Weekly lecture (90min per week), every two weeks tutorial (90min)

Unterrichtssprache: English

Kontakt: wipo@wiwi.upb.de

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