Meyer, Peter B. () (U.S. Bureau of Labor Statistics)
Abstract
Airplanes were invented by hobbyists and experimenters, and some personal computers were as well. Similarly, many open-source software developers are interested in the software they make, and not focused on profit. Based on these cases, this paper has a model of agents called tinkerers who want to improve a technology for their own reasons, by their own criteria, and who see no way to profit from it. Under these conditions, they would rather share their technology than work alone. The members of the agreement form an information network. The network's members optimally specialize based on their opportunities in particular aspects of the technology or in expanding or managing the network. Endogenously there are incentives to standardize on designs and descriptions of the technology. A tinkerer in the network who sees an opportunity to produce a profitable product may exit the network to create a startup firm and conduct focused research and development. Thus a new industry can arise.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by U.S. Bureau of Labor Statistics in its series Working Papers with number
413.
Length: 33 pages Date of creation: Nov 2007 Date of revision: Handle: RePEc:bls:wpaper:ec070120
Contact details of provider: Postal: 2 Massachusetts Avenue, N.E. Room 2860, Washington, D. C. 20212 Phone: (202) 606-5900 Fax: (202) 606-7890 Email: Web page: http://www.bls.gov More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Gregory Kurtzon).
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.: