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Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may...
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invention. The strategy of spoiling incentives to innovate by eliminating exclusive intellectual property rights the strategy of …
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Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may...
Persistent link: https://www.econbiz.de/10012461715
Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may...
Persistent link: https://www.econbiz.de/10014195400
This paper proposes a theoretical framework for studying the invention of new products when demand is uncertain. In … this framework, under general conditions, the threat of ex post entry by a competitor can deter invention ex ante … operating system monopolist, by its mere presence, can deter the invention of complements, to its own detriment as well as that …
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