Incentives for knowledge production with many producers

Bronwyn Hall

Working Papers from Centre for Business Research, University of Cambridge

Abstract: In 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.

Keywords: patents; market value; information technology; appropriability (search for similar items in EconPapers)
JEL-codes: L23 L86 O34 (search for similar items in EconPapers)
Date: 2004-09
New Economics Papers: this item is included in nep-com, nep-ent and nep-ino
Note: PRO-2
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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