Igor Letina

I am an Assistant Professor (tenure track) at the University of Bern.

My research focuses on applied microeconomic theory, in particular the questions related to innovation and contest design.

Email: igor.letina@vwi.unibe.ch

Curriculum Vitae (May 2018)

Publications:

1. The Road not Taken: Competition and the R&D Portfolio (RAND Journal of Economics, 2016, Vol. 47(2), pp. 433–460)

R&D is not just about investing resources, it is also about the choice of research projects. This paper looks at how market competition affects the choice of research projects and provides insights for merger regulation.


2. Optimal Search from Multiple Distributions with Infinite Horizon (Economics Letters, 2018, Vol. 164, pp. 15-18; with Jean-Michel Benkert and Georg Nöldeke)

This note characterizes optimal search when the agent can choose the distribution from which the search outcomes are realized.

Working Papers:

1. Delegating Performance Evaluation (with Shuo Liu and Nick Netzer, March 2018)

In many settings the principal needs to rely on a reviewer in order to provide incentives to agents for exerting effort. If the reviewer is biased (for example the reviewer could be lenient), we show that the optimal delegation mechanism is a contest.


2. Designing Dynamic Research Contests (with Jean-Michel Benkert, August 2018)

We show that an interim-prize contest, where a final prize is paid when the contest ends but an interim prize is paid in every period until the end, is optimal.


3. Inducing Variety: A Theory of Innovation Contests (R&R at International Economic Review, with Armin Schmutzler, June 2017)

This paper studies the optimal contest design in a situation where contestants choose an approach to innovation. The optimal contest is something we call a bonus tournament.