Abstract
This paper uses principal-agent theory to study the issue of incentivizing crowdsourcing communities. It proves that enterprises can generate innovation plans of high quality and expected utility using the crowdsourcing community. Outsourcers can encourage high-quality people to join by adopting a linear variable compensation scheme and make the low-quality people quit by requiring them to supply more effort. The paper also shows that enterprises’ participation in crowdsourcing community innovation can effectively improve their innovative ability and that it is necessary for enterprises to construct an effective and cooperative innovative system combining crowdsourcing community innovation and their own internal innovation.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
