IDEAS home Printed from https://ideas.repec.org/a/wly/mgtdec/v45y2024i6p4305-4319.html

Optimal innovation incentive strategies within the health crowdsourcing platform

Author

Listed:
  • Jianyue Liu
  • Zhiqiang Ma
  • Binxin Zhu

Abstract

Lack of incentive strategies within the health crowdsourcing platform has resulted in the loss of patient innovation and the failure in the diffusion of patients' innovations. To solve this problem, we compared four incentive strategies: (i) without incentive, (ii) cost‐sharing incentive, (iii) revenue‐sharing incentive, and (iv) a hybrid incentive strategy combining cost‐sharing and revenue‐sharing. Our analysis indicates that the innovation guidance effect is at its lowest level without incentive strategies, and the hybrid incentive strategy can maximize both innovation enthusiasm and profits. Furthermore, there exists a threshold for revenue‐sharing ratio, making the incentive effect of revenue‐sharing strategy better than that of the cost‐sharing strategy. Finally, short‐sighted thinking among platform participants will reduce the innovation enthusiasm of altruistic patients and the incentive investment of the platform. This study provides guiding principles for the health crowdsourcing platform to regulate online patient innovation solutions.

Suggested Citation

  • Jianyue Liu & Zhiqiang Ma & Binxin Zhu, 2024. "Optimal innovation incentive strategies within the health crowdsourcing platform," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 45(6), pages 4305-4319, September.
    • Handle: RePEc:wly:mgtdec:v:45:y:2024:i:6:p:4305-4319
    DOI: 10.1002/mde.4235
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/mde.4235
    Download Restriction: no
    File URL: https://libkey.io/10.1002/mde.4235?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Chen, Wenbo, 2018. "Retailer-driven carbon emission abatement with consumer environmental awareness and carbon tax: Revenue-sharing versus Cost-sharingAuthor-Name: Yang, Huixiao," Omega, Elsevier, vol. 78(C), pages 179-191.
    2. de Jong, Jeroen P.J. & von Hippel, Eric & Gault, Fred & Kuusisto, Jari & Raasch, Christina, 2015. "Market failure in the diffusion of consumer-developed innovations: Patterns in Finland," Research Policy, Elsevier, vol. 44(10), pages 1856-1865.
    3. Moghaddam, Ehsan Noorzad & Aliahmadi, Alireza & Bagherzadeh, Mehdi & Markovic, Stefan & Micevski, Milena & Saghafi, Fatemeh, 2023. "Let me choose what I want: The influence of incentive choice flexibility on the quality of crowdsourcing solutions to innovation problems," Technovation, Elsevier, vol. 120(C).
    4. Daron Acemoglu & Joshua Linn, 2004. "Market Size in Innovation: Theory and Evidence from the Pharmaceutical Industry," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 119(3), pages 1049-1090.
    5. Na Zhou & Ke Jia & Han Song, 2023. "Design of live broadcast service outsourcing contract considering risk aversion and financial constraints," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(2), pages 848-857, March.
    6. Jingqi Wang & Hyoduk Shin, 2015. "The Impact of Contracts and Competition on Upstream Innovation in a Supply Chain," Production and Operations Management, Production and Operations Management Society, vol. 24(1), pages 134-146, January.
    7. Jianyue Liu & Zhiqiang Ma, 2023. "Optimal quality regulation on the online health platform," Electronic Markets, Springer;IIM University of St. Gallen, vol. 33(1), pages 1-17, December.
    8. Pnevmatikos, Nikolaos & Vardar, Baris & Zaccour, Georges, 2018. "When should a retailer invest in brand advertising?," European Journal of Operational Research, Elsevier, vol. 267(2), pages 754-764.
    9. Tong Xinle & Wang Zhen & Li Xinting, 2022. "The influence of government subsidy on enterprise innovation: based on Chinese high-tech enterprises," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 35(1), pages 1481-1499, December.
    10. Unsal, Omer & Rayfield, Blake, 2019. "Institutional investors and medical innovation," The Quarterly Review of Economics and Finance, Elsevier, vol. 74(C), pages 190-205.
    11. Bullinger, Angelika C. & Rass, Matthias & Adamczyk, Sabrina & Moeslein, Kathrin M. & Sohn, Stefan, 2012. "Open innovation in health care: Analysis of an open health platform," Health Policy, Elsevier, vol. 105(2), pages 165-175.
    12. Eric von Hippel, 2007. "Horizontal innovation networks—by and for users," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 16(2), pages 293-315, April.
    13. Ellwood, Paul & Williams, Ceri & Egan, John, 2022. "Crossing the valley of death: Five underlying innovation processes," Technovation, Elsevier, vol. 109(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Preißner, Stephanie & Raasch, Christina & Schweisfurth, Tim, 2017. "Is necessity the mother of disruption?," Kiel Working Papers 2097, Kiel Institute for the World Economy.
    2. Koussis, Nicos & Silaghi, Florina, 2023. "Revenue-sharing and volume flexibility in the supply chain," International Journal of Production Economics, Elsevier, vol. 261(C).
    3. Junlong Chen & Zuli Han & Xiaomin Sun & Jiali Liu, 2025. "Technology innovation decision‐making and optimal government subsidy strategy with endogenous bargaining power in a vertical supply chain," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(1), pages 21-51, January.
    4. Kui Jing & Xin Liu & Fengmin Xu & Donglei Du, 2023. "Data-trading coordination with government subsidy," Journal of Global Optimization, Springer, vol. 87(2), pages 877-915, November.
    5. Hafezi, Maryam & Zhao, Xuan & Zolfagharinia, Hossein, 2023. "Together we stand? Co-opetition for the development of green products," European Journal of Operational Research, Elsevier, vol. 306(3), pages 1417-1438.
    6. Yang, Xiuyun & Li, Min & Liang, Shanshan, 2024. "How consumers’ digital engagement affects regional innovation capacity in China?," Economic Modelling, Elsevier, vol. 139(C).
    7. Globocnik, Dietfried & Faullant, Rita, 2021. "Do lead users cooperate with manufacturers in innovation? Investigating the missing link between lead userness and cooperation initiation with manufacturers," Technovation, Elsevier, vol. 100(C).
    8. Du, Xianjin & Zhan, Huimin & Zhu, Xiaoxuan & He, Xiuli, 2021. "The upstream innovation with an overconfident manufacturer in a supply chain," Omega, Elsevier, vol. 105(C).
    9. Kim, Bosung & Kim, Sang Won & Park, Kun Soo, 2021. "Promoting supplier's environmental innovation via emission taxation," International Journal of Production Economics, Elsevier, vol. 240(C).
    10. de Jong, Jeroen P.J. & Rigtering, Coen & Spaans, Lara, 2023. "Heroes of diffusion: Making user innovations widely available," Research Policy, Elsevier, vol. 52(8).
    11. Zheng, Xiao-Xue & Li, Deng-Feng, 2023. "A new biform game-based investment incentive mechanism for eco-efficient innovation in supply chain," International Journal of Production Economics, Elsevier, vol. 258(C).
    12. Adler Patrick & Florida Richard, 2025. "The city as campus: regional organization of research universities," ZFW – Advances in Economic Geography, De Gruyter, vol. 69(2-3), pages 78-93.
    13. Eric Darmon & Dominique Torre, 2010. "Open source, dual licensing and software compétition," Post-Print halshs-00497623, HAL.
    14. Viktor Slavtchev & Simon Wiederhold, 2016. "Does the Technological Content of Government Demand Matter for Private R&D? Evidence from US States," American Economic Journal: Macroeconomics, American Economic Association, vol. 8(2), pages 45-84, April.
    15. Dong, Lei & Du, Rui & Kahn, Matthew & Ratti, Carlo & Zheng, Siqi, 2021. "“Ghost cities” versus boom towns: Do China's high-speed rail new towns thrive?," Regional Science and Urban Economics, Elsevier, vol. 89(C).
    16. Meinel, Martin & Eismann, Tobias T. & Baccarella, Christian V. & Fixson, Sebastian K. & Voigt, Kai-Ingo, 2020. "Does applying design thinking result in better new product concepts than a traditional innovation approach? An experimental comparison study," European Management Journal, Elsevier, vol. 38(4), pages 661-671.
    17. Jose Esteves & Daniel Alonso-Martínez & Guillermo de Haro, 2021. "Profiling Spanish Prospective Buyers of Electric Vehicles Based on Demographics," Sustainability, MDPI, vol. 13(16), pages 1-22, August.
    18. Yafei Zu & Fengyi Li & Yinfei Xu & Hui Zhang, 2024. "Low-carbon strategies in the alliance between manufacturer and weak customer considering different contracts," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(7), pages 17941-17965, July.
    19. Sun, Xiaojie & Tang, Wansheng & Chen, Jing & Li, Sa & Zhang, Jianxiong, 2019. "Manufacturer encroachment with production cost reduction under asymmetric information," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 128(C), pages 191-211.
    20. Jiang, Ke & Wang, Die & Xu, Liping & Wang, Feng, 2024. "Assessing the impact of carbon quota allocation in enhancing supply chain members emission reduction and advertising efforts," Socio-Economic Planning Sciences, Elsevier, vol. 95(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:mgtdec:v:45:y:2024:i:6:p:4305-4319. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www3.interscience.wiley.com/cgi-bin/jhome/7976 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.