Well, there is a certain point past which you can't work, no matter the incentive. I mean, you can only do so much, achieve so much, innovate so much and then you can't do it any faster or better because you're only human.
However, if you had the entire scientific community cooperating on a spefiic project, you would have access to only to more raw material (equipment, people, man hours etc) but also to more and more diverse viewpoints. A breakthrough or a refinement of existing technology would be more likely to occur if you had more minds working on it.
If you were to have individual teams working in, for example, China, the US, Japan and Germany, each o those teams would have to face the same hurdles to get to the final objective. So time would be wasted by solving problems redundantly (in this case, 3 times more than was necesarry). But if all those people were working together, you would only need to solve the problem once and then everyone could just go ahead with other work.
I think what you're suggesting is that competition is an incentive to work harder, smarter, better. But from the article it seems that these guys are doing it for the sheer science of it. I mean, if you need an incentive for scientists to work more or better, just pay them. Most scientists love their science and actually have to go to great pains to secure funding instead of the other way around.
This goes for pretty much all human acievement or innovation.