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How Innovation Commons Contribute to Discovering and Developing New Technologies

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dc.contributor.author Allen, Darcy W. E.
dc.contributor.author Potts, Jason
dc.date.accessioned 2016-11-14T19:55:14Z
dc.date.available 2016-11-14T19:55:14Z
dc.date.issued 2016 en_US
dc.identifier.uri https://hdl.handle.net/10535/10183
dc.description.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." en_US
dc.language English en_US
dc.subject commons en_US
dc.subject entrepreneurship en_US
dc.subject information en_US
dc.subject innovation en_US
dc.subject uncertainty en_US
dc.title How Innovation Commons Contribute to Discovering and Developing New Technologies en_US
dc.type Journal Article en_US
dc.type.published published en_US
dc.type.methodology Case Study en_US
dc.subject.sector Information & Knowledge en_US
dc.identifier.citationjournal International Journal of the Commons en_US
dc.identifier.citationvolume 10 en_US
dc.identifier.citationpages 1035-1054 en_US
dc.identifier.citationnumber 2 en_US


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