近日，南方科技大学信息系统与管理工程系樊潇帅助理教授的文章Resource Allocation Among Competing Innovators被Management Science期刊接收并即将发表。樊潇帅助理教授为通讯作者，与香港科技大学的Pin Gao Yangguang Huang Ying-Ju Chen合作撰写本文章。
Many innovative products are designed to satisfy the demand of specific target consumers; thus the innovators will inevitably compete with each other in the product market. We investigate how a profit-maximizing principal should properly allocate her limited resources to support the innovations of multiple potentially competing innovators. We find that as the available resources increase the optimal diversification of investment may first increase and then decrease. This interesting non-monotone pattern is driven by a trade-off between the risk of innovation failure and rent dissipation due to competition. Using this framework we also analyze a nonprofit principal seeking to maximize the total number of successful innovations the probability of at least one innovator succeeding consumer surplus and total social welfare. A nonprofit principal tends to invest more diversely compared to a for-profit counterpart.