Designing Dynamic Research Contests
研究了动态研究竞赛的最优设计，引入每期支付的临时转移，发现主方可随时停止竞赛、支付固定临时转移和最终奖金的机制能实现最优结果。
This paper studies the optimal design of dynamic research contests. We introduce interim transfers, which are paid in every period while the contest is ongoing, to an otherwise standard setting. We show that a contest where (i) the principal can stop the contest in any period, (ii) a constant interim transfer is paid to agents in each period while the contest is ongoing, and (iii) a final prize is paid once the principal stops the contest, is optimal for the principal and implements the first-best.