How innovation commons contribute to discovering and developing new technologies

Allen, D and Potts, J 2016, 'How innovation commons contribute to discovering and developing new technologies', International Journal of the Commons, vol. 10, no. 2, pp. 1-20.

Document type: Journal Article
Collection: Journal Articles

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Title How innovation commons contribute to discovering and developing new technologies
Author(s) Allen, D
Potts, J
Year 2016
Journal name International Journal of the Commons
Volume number 10
Issue number 2
Start page 1
End page 20
Total pages 20
Publisher Utrecht University Library Open Access Journals
Abstract In modern economics, the institutions surrounding the creation and development of new technologies are firms, markets and governments. We propose an alternative theory that locates the institutional origin of new technologies further back in the commons when self-organizing groups of technology enthusiasts develop effective governance rules to pool distributed information resources. The 'innovation commons' alleviates uncertainty around a nascent technology by pooling distributed information about uses, costs, problems and opportunities. While innovation commons are mostly temporary, because the resource itself - the information about opportunities - is only temporarily valuable, they are a further addition to the Pantheon of commons, and suggest that the institutions of the commons - and the common pool resource of information about applications of the technology - may be far more important in the study of innovation than previously thought.
Subject Economic Development and Growth
Copyright notice Copyright is licensed under a Creative Commons Attribution 3.0 License
ISSN 1875-0281
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Created: Tue, 18 Oct 2016, 08:58:00 EST by Catalyst Administrator
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