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Author: Darcy W E Allen
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
How can private governance in innovation commons (Allen and Potts 2016a, 2016b) be reconciled with the mainstream conception of innovation and entrepreneurship as suffering a market failure requiring state intervention? This paper situates the private collective action governance of entrepreneurial discovery within its political economy context using the methods of new comparative economics. The institutional possibility frontier (IPF) -- a framework for understanding comparative institutional choice as a trade-off between the costs of disorder and dictatorship (Djankov et al. 2003; Shleifer 2005) -- extended and applied to answer this question. Subjective costs are incorporated into the IPF and thereby into the political economy choice of the governance of innovation resources. The result is a subjective innovation institutional possibility frontier. Placing the findings of this dissertation within this framework implies the potential over-weighting of costs of 'disorder' in governing entrepreneurial resources in the innovation commons. This discrepancy also implies that 'ideas' and 'rhetoric' have a role in developing a robust and effective institutional mix for innovation policy, which is itself a discovery process over subjective costs.
Author: Darcy W E Allen
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
How can private governance in innovation commons (Allen and Potts 2016a, 2016b) be reconciled with the mainstream conception of innovation and entrepreneurship as suffering a market failure requiring state intervention? This paper situates the private collective action governance of entrepreneurial discovery within its political economy context using the methods of new comparative economics. The institutional possibility frontier (IPF) -- a framework for understanding comparative institutional choice as a trade-off between the costs of disorder and dictatorship (Djankov et al. 2003; Shleifer 2005) -- extended and applied to answer this question. Subjective costs are incorporated into the IPF and thereby into the political economy choice of the governance of innovation resources. The result is a subjective innovation institutional possibility frontier. Placing the findings of this dissertation within this framework implies the potential over-weighting of costs of 'disorder' in governing entrepreneurial resources in the innovation commons. This discrepancy also implies that 'ideas' and 'rhetoric' have a role in developing a robust and effective institutional mix for innovation policy, which is itself a discovery process over subjective costs.
Author: W. Kingston
Publisher: Springer Science & Business Media
ISBN: 9400960719
Category : Business & Economics
Languages : en
Pages : 278
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Book Description
Innovation is the turning of ideas into concrete realities. To the extent that this process is an economic one, it must also be subject to political decisions, and these determine which ideas are to have resources made available for their in novation. This book attempts to trace the relationship between ideas, resources and politics. Chapter I deals with the way economic innovation depends both upon markets and upon interference with markets. Schumpeter taught us how market power is essential for innovation. This chapter stresses that the inverse is also true: Innovation can take place wherever there is market power. A most important corollary of this, is that failure to develop any particular type of market power, need not prevent innovation from happening. It will then take place under the protection of whatever market power there is, and it will be geographically located wherever that market power is effective. Chapter II identifies and seeks to fill a major gap in the literature on innova tion, by showing how important modern marketing has become for providing the conditions under which money may be rationally invested at high risk to get new things done. Marketing monopoly, or Persuasive market power, is now at least as important as the market power of Capability, or as the several types of Specific market power, in interference with market forces. It is therefore equally important for innovation.
Author: W Kingston
Publisher:
ISBN: 9789400960725
Category :
Languages : en
Pages : 286
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Book Description
Author: Jason Potts
Publisher:
ISBN:
Category :
Languages : en
Pages : 18
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Book Description
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, often in a context of peer production. This paper examines the economics of why and when the commons is an effective institutional solution to the innovation problem. I set out four basic models of the innovation commons: (1) dual-commons; (2) evolution of cooperation; (3) strategic defence; (4) uncertainty of idea type. I suggest how innovation policy might look like were it were to recognise the contribution of the innovation commons.
Author: Darcy W E Allen
Publisher: World Scientific
ISBN: 1786349205
Category : Business & Economics
Languages : en
Pages : 205
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Book Description
When Entrepreneurs Meet: The Collective Governance of New Ideas challenges our understanding of how entrepreneurs crystallize opportunities surrounding new technologies. While innovation is the fundamental driver of growth and prosperity, how the earliest stages of entrepreneurship are governed remains elusive. This book creates a new, institutional approach to understanding entrepreneurship before emphasizing how entrepreneurs create governance structures to coordinate new knowledge resources.Rather than the conventional view that entrepreneurship happens inside firms, this unique transaction-cost economics analysis of entrepreneurship suggests it might begin earlier in hybrid, polycentric self-governance structures, including the innovation commons. Allen explores and analyses various examples of these structures, including hackerspaces and the institutions coalescing around the development of the blockchain economy, along with the dynamics of how those institutions might collapse into firms. This new understanding of the entrepreneurial governance problem is also connected to contemporary questions about the purpose, scope, and application of innovation policy.
Author: Jason Potts
Publisher: Oxford University Press
ISBN: 0190937521
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
Innovation is among the most important topics in understanding economic sustained economic growth. Jason Potts argues that the initial stages of innovation require cooperation under uncertainty and draws from insights on the solving of commons problems to shed light on policies and conditions conducive to the creation of new firms and industries. The problems of innovation commons are overcome, Potts shows, when there are governance institutions that incentivize cooperation, thereby facilitating the pooling of distributed information, knowledge, and other inputs. The entrepreneurial discovery of an economic opportunity is thus an emergent institution resulting from the formation of a cooperative group, under conditions of extreme uncertainty, working toward the mutual purpose of opportunity discovery about a nascent technology or new idea. Among the problems commons address are those of the identity; cooperation; consent; monitoring; punishment; and independence. A commons is efficient compared to the creation of alternative economic institutions that involve extensive contracting and networks, private property rights and price signals, or public goods (i.e. firms, markets, and governments). In other words, the origin of innovation is not entrepreneurial action per se, but the creation of a common pool resource from which entrepreneurs can discover opportunities. Potts' framework draws on the evolutionary theory of cooperation and institutional theory of the commons. It also has important implications for understanding the origin of firms and industries, and for the design of innovation policy. Beginning with a discussion of problems of knowledge and coordination as well as their implications for common pool environments, the book then explores instances of innovation commons and the lifecycle of innovation, including increased institutionalization and rigidness. Potts also discusses the possible implications of the commons framework for policies to sustain innovation dynamics.
Author: Darcy W. E. Allen
Publisher:
ISBN: 9781786349194
Category : Electronic books
Languages : en
Pages : 205
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Book Description
Author: David Bollier
Publisher: Commons Strategy Group and Off the Common Press
ISBN: 1937146839
Category : Business & Economics
Languages : en
Pages : 510
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Book Description
What accounts for the persistence and spread of "commoning," the irrepressible desire of people to collaborate and share to meet everyday needs? How are the more successful projects governed? And why are so many people embracing the commons as a powerful strategy for building a fair, humane and Earth-respecting social order? In more than fifty original essays, Patterns of Commoning addresses these questions and probes the inner complexities of this timeless social paradigm. The book surveys some of the most notable, inspiring commons around the world, from alternative currencies and open design and manufacturing, to centuries-old community forests and co-learning commons - and dozens of others. David Bollier (www.bollier.org) is an American author, activist and independent scholar who has studied the commons for nearly twenty years. Silke Helfrich (commonsblog.wordpress.com) is a German author and independent activist of the commons who blogs at www.commonsblog.de, and cofounder of the Commons-Institut in Germany. With Michel Bauwens, Bollier and Helfrich are cofounders of the Common Strategies Group. For more information, go to the book's website, Patterns of Commoning (www.patternsofcommoning.org)
Author: Elinor Ostrom
Publisher: Cambridge University Press
ISBN: 1107569788
Category : Business & Economics
Languages : en
Pages : 297
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Book Description
Tackles one of the most enduring and contentious issues of positive political economy: common pool resource management.
Author: Swan Melanie
Publisher: World Scientific
ISBN: 1786346400
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
This practical introduction explains the field of Blockchain Economics, the economic models emerging with the implementation of distributed ledger technology. These models are characterized by three factors: open platform business models, cryptotoken money supplies, and Initial Coin Offerings as a new and official form of financing. The book covers a variety of approaches from a business and academic perspective, ranging from financial theory, complexity, and open innovation networks to behavioral economics, self-determination theory, public policy, and financial inclusion.Unlike existing titles, this book draws on worldwide blockchain industry experts to define the new discipline of Blockchain Economics and provide novel theoretical and conceptual resources for the future of this fast-developing economy. The primer also highlights the wider theme of blockchain as an institutional technology, in that many value transfer interactions might be shifted to automated networks, decreasing the number of human-operated institutions.As well as stimulating further research, and implementation by business innovators and public policy strategists, the book can also be used as a foundational textbook in courses on Blockchain Economics. remove
