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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 …
Persistent link: https://www.econbiz.de/10013002534
Early stage innovation can benefit from cooperative pooling of distributed information and other innovation resources … in order to discover entrepreneurial opportunities (what Allen and Potts (2016) call the ‘innovation commons'). The … innovation commons is a private ordering, but social welfare losses arise when innovation commons fail to form, or are small and …
Persistent link: https://www.econbiz.de/10012960863
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 …
Persistent link: https://www.econbiz.de/10013000599
Innovation commons – which we define as repositories of freely-accessible, “open source” innovation-related information … and data - are a very significant resource for innovating and innovation-adopting firms and individuals: Availability of … free data and information reduces the innovation-specific private or open investment required to make the next innovative …
Persistent link: https://www.econbiz.de/10013213586
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Distributed ledger technology, invented for cryptocurrencies, is increasingly understood as a new general-purpose technology for a broad range of economic activities that rely on consensus of a database of transactions or records. However, blockchains are more than just a disruptive new ICT....
Persistent link: https://www.econbiz.de/10012986518
We propose a theory of innovation in services based upon the development of new markets that exploit the powers of ICT …
Persistent link: https://www.econbiz.de/10009189150
Innovation is sometimes perceived as a linear and sequential process, and at other times as multidimensional. Based on … the common thread of 'awareness' that grounds many theories on innovation, we analyze the idea that a flexible … informational awareness accounts for both perceptions within the same overall innovation strategy. To show this, we propose using a …
Persistent link: https://www.econbiz.de/10012008912
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