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Private-Collective Innovation and the Fragility of Knowledge Sharing
Gaechter, Simon; Krogh, Georg von; Haefliger, Stefan - Centre for Decision Research and Experimental Economics … - 2006
Incentives to innovate is a central element of innovation theory. In the private-investment model, innovators privately … fund innovation and then use intellectual property protection mechanisms to appropriate returns from these investments. In …-exclusivity. Recently, these models have been compounded in the privatecollective innovation model where innovators privately fund public …
Persistent link: https://www.econbiz.de/10010552259
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Understanding Perpetual R&D Races
Breitmoser, Yves; Tan, Jonathan H.W.; Zizzo, Daniel John - Centre for Decision Research and Experimental Economics … - 2008
This paper presents an experimental study of dynamic indefinite horizon R&D races with uncertainty and multiple prizes. The theoretical predictions are highly sensitive: small parameter changes determine whether technological competition is sustained, or converges into a market structure with an...
Persistent link: https://www.econbiz.de/10005150908
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Private-Collective Innovation and the Fragility of Knowledge Sharing
Gaechter, Simon; Krogh, Georg von; Haefliger, Stefan - Centre for Decision Research and Experimental Economics … - 2006
Incentives to innovate is a central element of innovation theory. In the private-investment model, innovators privately … fund innovation and then use intellectual property protection mechanisms to appropriate returns from these investments. In …-exclusivity. Recently, these models have been compounded in the privatecollective innovation model where innovators privately fund public …
Persistent link: https://www.econbiz.de/10005200582