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Prizes as Incentives. Reflections on a Century o f Aviation Contests

In: Contemporary Management of Innovation

Author

Listed:
  • Lee Davis
  • Jerome Davis

Abstract

The dream of ‘space tourism’ has long been confined to the imaginations of science fiction writers. But in 1996, former aerospace engineer Peter Diamandis announced the $10 million ‘X-Prize’, to jump-start the development of a new generation of launch vehicles to carry ordinary people into space. In late October 2004, test pilot Mike Melville successfully flew the SpaceShipOne more than one hundred kilometres into the upper atmosphere, briefly experiencing weightlessness, before returning to earth. In early November, another test pilot, Commander Brian Binnie repeated the trip, and won the prize. A new era of suborbital passenger flight had begun (Bigelow, 2004; Davis & Davis, 2004).

Suggested Citation

  • Lee Davis & Jerome Davis, 2006. "Prizes as Incentives. Reflections on a Century o f Aviation Contests," Palgrave Macmillan Books, in: Jon Sundbo & Andrea Gallina & Göran Serin & Jerome Davis (ed.), Contemporary Management of Innovation, chapter 12, pages 230-247, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37884-1_16
    DOI: 10.1057/9780230378841_16
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    Cited by:

    1. Lauren Lanahan & Daniel Armanios, 2018. "Does More Certification Always Benefit a Venture?," Organization Science, INFORMS, vol. 29(5), pages 931-947, October.
    2. Lee Davis, 2006. "Licensing Strategies of the Enterprising - but Vulnerable - "Intellectual Property" Vendors," DRUID Working Papers 06-12, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.

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