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 …