efficiency; provides further insight into why Open Source Software is a successful model of innovation and development in digital …

Many cultural products have the same non-rival nature as scientific knowledge. They therefore face identical … creativity. Markets for intellectual assets protected by IP rights can produce too much or too little innovation. …

communicate valuable knowledge to an entrepreneur, facilitating innovation. The venture capitalist can also communicate the …This paper explores a new role for venture capitalists, as knowledge intermediaries. A venture capital investor can … entrepreneur's innovative knowledge to other portfolio companies. We study the costs and benefits of these two forms of knowledge …