How many successfull projects have been completed with the prize approach?
How many have been initiated?
Has anyone who has accomplished a space mission supported this approach?
The problem with this whole idea that you can harness the benefits of capitalistic competition without much of a profit incentive. You expect people to do a lot of work to prepare a bid with no payback. That's not how capitalism usually works. The risk of no payback is seldom tackled without a huge potential profit. Since minimizing profit is your goal your whole scenario is self contradictory. Since this is all economic theory rather than demonstrated fact, I'd support giving the method a shot on some lower priority target, but not the key goals of the space program.
Regards,
Mark
Space/Science » in reply to With COMPETITIVE prizes, if entrepreneurs fail, taxpayers pay NADA.
Let's Try An Analytical Approach
The whole thread (40 posts)
- Perhaps Beagle 2 constructor Astrium WANTED it to fail, in order to get better funding?
- re: You don't understand contracting Rich. What is of more benefit success or failure when selling your services?
- Failure is an orphan, success is owned by all.
- Maybe You Just Get What You Paid For
- Indeed
- With COMPETITIVE prizes, if entrepreneurs fail, taxpayers pay NADA.
- How can we know UNLESS competitive prizes are finally offered with all those tax dollars?
- As usual, Mark is spot on. (n/t)
- Indeed
- Just plain silly
- You are such a goof (n/t)
- re: Perhaps Beagle 2 constructor Astrium WANTED it to fail, in order to get better funding?