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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: 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: Ben R. Martin
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 744
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Book Description
A collection of papers by leading scholars on the role of scientific and technological innovation in modern industry. Topics covered include the historical roots of the subject, the function of science in technological innovation and economic growth, and the climate for innovation in industry.
Author: David Bollier
Publisher: New Society Publishers
ISBN: 1550927140
Category : Political Science
Languages : en
Pages : 450
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Book Description
The power of the commons as a free, fair system of provisioning and governance beyond capitalism, socialism, and other -isms. From co-housing and agroecology to fisheries and open-source everything, people around the world are increasingly turning to 'commoning' to emancipate themselves from a predatory market-state system. Free, Fair, and Alive presents a foundational re-thinking of the commons — the self-organized social system that humans have used for millennia to meet their needs. It offers a compelling vision of a future beyond the dead-end binary of capitalism versus socialism that has almost brought the world to its knees. Written by two leading commons activists of our time, this guide is a penetrating cultural critique, table-pounding political treatise, and practical playbook. Highly readable and full of colorful stories, coverage includes: Internal dynamics of commoning How the commons worldview opens up new possibilities for change Role of language in reorienting our perceptions and political strategies Seeing the potential of commoning everywhere. Free, Fair, and Alive provides a fresh, non-academic synthesis of contemporary commons written for a popular, activist-minded audience. It presents a compelling narrative: that we can be free and creative people, govern ourselves through fair and accountable institutions, and experience the aliveness of authentic human presence.
Author: Iurii Bazhal
Publisher: Springer
ISBN: 3319548522
Category : Business & Economics
Languages : en
Pages : 136
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Book Description
This book finds that the R&D and technological innovation of a country is not a result, but a factor, of sustained economic growth. Bazhal develops Schumpeter's theory to argue that genuine economic growth - especially in transitioning and developing countries - is only possible with innovation. With a particular focus on the work of Ukrainian economists, Tugan-Batanobvsky and Vernadsky, the text seeks to move the discipline forward and explain why innovation has become a primary factor of economic development in recent decades and why its role will become even more dominant in the future. Chapters interrogate whether modern economic theory can explain how we ensure the effective functioning of the market economy. The book shows that explanations of economists and politicians regarding the nature of the current economic and financial crisis, and the causes of huge gaps in levels of wealth in market economies, demonstrates that there are not enough satisfactory answers to this question.
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: 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
