Incentives for knowledge production with many producers
AbstractIn this paper, I briefly review the motivations for inventive behavior and describe two common incentive systems that harness and encourage such behavior. This review of well-trodden ground is performed only so that the implications of the rise of the networked knowledge economy for the effectiveness of these incentive systems can be noted. Some theoretical results on the operation and stability of the two incentive systems for the production of knowledge are presented with a discussion of how they might apply in the networked economy. The paper concludes with suggestions on open research questions.
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Bibliographic InfoPaper provided by ESRC Centre for Business Research in its series ESRC Centre for Business Research - Working Papers with number wp292.
Date of creation: Sep 2004
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patents; market value; information technology; appropriability;
Find related papers by JEL classification:
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property Rights
- L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
- L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-12-20 (All new papers)
- NEP-COM-2004-12-20 (Industrial Competition)
- NEP-ENT-2004-12-20 (Entrepreneurship)
- NEP-ENT-2004-12-21 (Entrepreneurship)
- NEP-INO-2004-12-20 (Innovation)
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