Nurturing the Accumulation of Innovations: Lessons from the Internet
AbstractThe innovations that became the foundation for the Internet originate from two eras that illustrate two distinct models for accumulating innovations over the long haul. The pre-commercial era illustrates the operation of several useful non-market institutional arrangements. It also illustrates a potential drawback to government sponsorship – in this instance, truncation of exploratory activity. The commercial era illustrates a rather different set of lessons. It highlights the extraordinary power of market-oriented and widely distributed investment and adoption, which illustrates the power of market experimentation to foster innovative activity. It also illustrates a few of the conditions necessary to unleash value creation from such accumulated lessons, such as standards development and competition, and nurturing legal and regulatory policies.
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Date of creation: Apr 2010
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- Shane Greenstein, 2011. "Nurturing the Accumulation of Innovations: Lessons from the Internet," NBER Chapters, in: Accelerating Energy Innovation: Insights from Multiple Sectors, pages 189-223 National Bureau of Economic Research, Inc.
- Greenstein, Shane, 2010. "Nurturing the Accumulation of Innovations: Lessons from the Internet," Working paper 574, Regulation2point0.
- L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
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- Shane Greenstein, 2010. "The emergence of the Internet: collective invention and wild ducks," Industrial and Corporate Change, Oxford University Press, vol. 19(5), pages 1521-1562, October.
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- Shane Greenstein, 2006. "Innovation and the Evolution of Market Structure for Internet Access in the United States," Discussion Papers 05-018, Stanford Institute for Economic Policy Research.
- Winkler, Anne E. & Glänzel, Wolfgang & Levin, Sharon & Stephan, Paula, 2011.
"The Diffusion of Information Technology and the Increased Propensity of Teams to Transcend Institutional and National Borders,"
IZA Discussion Papers
5857, Institute for the Study of Labor (IZA).
- Winkler Anne E. & Glanzel Wolfang & Levin Sharon & Stephan Paula, 2011. "The Diffusion of Information Technology and the Increased Propensity of Teams to Transcend Institutional and National Borders," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201110, University of Turin.
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