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Image via Shutterstock Can you pay people to come up with more innovative ideas? This was the question posed by two economists, Gary Charness from UC Santa Barbara and Daniela Grieco from Bocconi University. In a new study published in the Journal of the European Economic Association, the duo remembered how margarine came to be after a competition in the 1860s called for inventors to develop a lower-cost butter substitute. In contrast, the economists also […]
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