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The Innovation Commons: Why it Exists, What it Does, Who it Benefits, and How

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dc.contributor.author Darcy, Allen
dc.contributor.author Potts, Jason
dc.date.accessioned 2015-08-11T18:04:48Z
dc.date.available 2015-08-11T18:04:48Z
dc.date.issued 2015 en_US
dc.identifier.uri https://hdl.handle.net/10535/9856
dc.description.abstract "We propose a new type of commons – an ‘innovation commons’ – that is an emergent institutional solution to ‘the innovation problem’ (defined as a collective action problem, not a market failure problem). In an innovation commons entrepreneurs pool innovation resources (i.e. inputs into the innovation process) under defined access and governance rules. Innovation requires entrepreneurship, which requires information about market opportunities. This information has interesting characteristics that lend itself to becoming a common pool resource: it is dispersed about the economy; difficult to value in its parts; and largely produced through experiment and experience. Moreover, this information resource fits poorly in institutions of markets or states because uncertainty renders them comparatively costly. We show how the innovation commons solves this problem as a temporary institution that forms around a particular new idea at the very beginning of an innovation trajectory where uncertainty is highest." en_US
dc.language English en_US
dc.subject commons en_US
dc.subject entrepreneurship en_US
dc.subject uncertainty en_US
dc.title The Innovation Commons: Why it Exists, What it Does, Who it Benefits, and How en_US
dc.type Conference Paper en_US
dc.type.published unpublished en_US
dc.type.methodology Theory en_US
dc.subject.sector New Commons en_US
dc.identifier.citationconference Commons Amidst Complexity and Change, the Fifteenth Biennial Conference of the International Association for the Study of the Commons en_US
dc.identifier.citationconfdates May 25-29 en_US
dc.identifier.citationconfloc Edmonton, Alberta en_US

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