The Missing Link

Georg Weiers
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Georg Weiers: African Development Bank

Chapter 8 in Innovation Through Cooperation, 2014, pp 115-124 from Springer

Abstract: Abstract Why are inventors and businessmen not already cooperating? When it comes to ideas cooperation is tricky. There is a strong risk of others stealing your idea. You cannot just offer it openly. Once shared there is no taking it back. But without sharing the idea the partner cannot decide if they want it or how much it is worth. A paradox arises, called Arrow’s Fundamental Paradox of Information, which makes trading ideas very difficult. This is the reason a market for ideas has not yet evolved.

Keywords: Intellectual Property; Idea Economy; Reverse Auction; Entrepreneurial Society; Mere Idea (search for similar items in EconPapers)
Date: 2014
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DOI: 10.1007/978-3-319-00095-4_8

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