How do platforms that host crowdsourcing contests make money? Platforms capture value by taking a cut out of a firm's budget. In particular, I am interested in the role of the fixed fee. Is it better to have a fixed fee and a budget-dependent fee or both? This is also called two-part tariff pricing and … Continue reading Pricing models for Crowdsourcing Platforms
A definition of what an innovation is.
Contests are competitions in which participants perform some actions to compete in exchange for some rank-based benefits. Similar to sports or scientific competitions that take place in the physical world, organizations host online, crowdsourcing contests as a form of eliciting inputs from a large and diverse customer or user base. I emphasize the role of … Continue reading Sweepstakes, promotion campaigns and ideation contests