Core Rules, Contracts, and Commons

Prateek Goorha and Jason Potts ()
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Jason Potts: Royal Melbourne Institute of Technology

Chapter Chapter 4 in Creativity and Innovation, 2019, pp 95-125 from Springer

Abstract: Abstract In this chapter, the authors develop the argument for why their theory suggests cooperation as a necessary overarching premise for competition. They propose a foundational idea space that is based on four essential ideas—the core principles—that then frame the hierarchy for the development of all other idea spaces. They motivate their discussion by using two key analogies that have practical relevance. First, they liken collective idea spaces to a broad swath of collective agreements, from knowledge commons to firms, and suggest how these parallel a variety of contractual agreements. Second, they develop the concept of an idea imbalance between idea spaces to discuss how variations in collective idea spaces emerge.

Keywords: Commons; Contracts; Information asymmetry; Firms; Core ideas (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-94884-3_4

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DOI: 10.1007/978-3-319-94884-3_4

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