Economic Effects of Open Innovation

JinHyo Joseph Yun
Additional contact information
JinHyo Joseph Yun: Tenured Researcher of DGIST and Professor of Open Innovation Academy of SOItmC

Chapter 3 in Business Model Design Compass, 2017, pp 41-48 from Springer

Abstract: Abstract We study the economic effects of open innovation, which has been recognized as an economic phenomenon and economic paradigm that surpasses the management strategies of individual enterprises. First, we look into limited open innovation phenomena such as long tail phenomena and App Store. Next, the economic characteristics of open innovation have been identified: increases of marginal products, economy of diversity, and X-efficiency improvement.

Keywords: Long tail economy; Increases of marginal products; The economy of diversity; X-efficiency (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-981-10-4128-0_3

Ordering information: This item can be ordered from
http://www.springer.com/9789811041280

DOI: 10.1007/978-981-10-4128-0_3

Access Statistics for this chapter

More chapters in Management for Professionals from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().