The chapter presents an overview of the emerging field of behavioral innovation economics, which is the application of … behavioral economic theory and principles to the subject matter of innovation economics (also known as Schumpeterian or … evolutionary economics). A behavioral innovation economics addresses such basic questions as why innovation is so hard to organize …

An innovation commons is an institutional solution to the innovation problem in which knowledge, information and … resources are pooled under defined governance rules to enable a particular community access to those inputs into innovation … institutional solution to the innovation problem. I set out four basic models of the innovation commons: (1) dual-commons; (2 …

We propose a new co-evolutionary computational two-sector approach to the design of national innovation policy that … recognizes the importance of inter-sectoral absorptive capacity constraints in innovation linkages between sectors in an economy … downstream-user sector. This suggests that the low productivity performance of modern innovation policy might in part be …

constraints inhibit innovation diffusion and industrial change, causing structural instability. Evolutionary competition in the … model implies that innovation can overshoot the absorptive capacity of demand, leading to a slowdown in sectorial dynamism … the trade-off between innovation and demand absorptive capacity parameters. To illustrate the plausibility and relevance …

and innovation. There has been an implication in these models that the institutional environment is stable. However, a new … along these margins, propelling a process of institutional evolution. This presents a new type of innovation process … replicator dynamic model of institutional innovation and proposes some implications of this innovation for innovation policy …

This chapter argues that innovation is evolving because the economy is evolving – specifically that as the economy … transitions from a substrate of industrial to digital technologies, then the institutions of innovation become increasingly … decentralized. A key feature of this evolutionary transformation is the growing significance of the innovation commons and toolkits …

This paper examines how national innovation policies strategically interact to form emergent de facto global innovation … World Innovation Organization – to address the collective action problem that arises from the strategic misalignment in … innovation policy between national and global incentives. A theoretical basis for this enquiry is furnished by outlining seven …

structures called innovation commons (Allen & Potts, 2016), it ends with integration in the hierarchical start-up firm. This …

structural economic effects of this institutional innovation as disintermediation in markets, dehierarchicalisation of … trust and coordination). We argue that the institutional innovation of blockchain engenders a new post-industrial economic …

Innovation policy is normally evaluated from the welfare perspective of market failure, and therefore focuses on social … analyse the specific institutions of innovation policy. Six different innovation policy interventions are arrayed along an … approach provides an institutional efficiency-based approach to the evaluation of mixes of innovation policy …