Creating a "market for inventions": a referee model
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Redalyc
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| Format: | Artículo científico |
| Language: | en |
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Universidad Alberto Hurtado
2008
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| _version_ | 1876426487002824704 |
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| author | Gesualdo Grimaldi |
| author_facet | Gesualdo Grimaldi |
| contents | Creating a "market for inventions": a referee model Gesualdo Grimaldi Ingeniería Ideas Errors Invention Knowledge Innovation This article considers that the flow of new not patented innovations is difficult to occur among firms, especially when some inventionsare caused by serendipity. Here I develop a model to analyze the conditions for a market for inventions to exist.With the help of game theory in particular, I show that the creation of such a market is quite unlikely because unfair buyers behaviourand the possibility of expropriation of the new innovation renders the seller reluctant to negotiate with a potential buyer.So I argue for a solution that involves a third referenced party into the negotiation so that it can guarantee the flow of ideas amonginstitutions and generate a surplus for the whole society 2008 artículo científico 0718-2724 https://www.redalyc.org/articulo.oa?id=84730304 en http://www.redalyc.org/revista.oa?id=847 Journal of Technology Management & Innovation application/pdf Universidad Alberto Hurtado Journal of Technology Management & Innovation (Chile) Num.3 Vol.3 |
| format | Artículo científico |
| id | redalyc_84730304 |
| institution | Redalyc |
| language | en |
| publishDate | 2008 |
| publisher | Universidad Alberto Hurtado |
| spellingShingle | Creating a "market for inventions": a referee model Gesualdo Grimaldi Ingeniería Ideas Errors Invention Knowledge Innovation Creating a "market for inventions": a referee model Gesualdo Grimaldi Ingeniería Ideas Errors Invention Knowledge Innovation This article considers that the flow of new not patented innovations is difficult to occur among firms, especially when some inventionsare caused by serendipity. Here I develop a model to analyze the conditions for a market for inventions to exist.With the help of game theory in particular, I show that the creation of such a market is quite unlikely because unfair buyers behaviourand the possibility of expropriation of the new innovation renders the seller reluctant to negotiate with a potential buyer.So I argue for a solution that involves a third referenced party into the negotiation so that it can guarantee the flow of ideas amonginstitutions and generate a surplus for the whole society 2008 artículo científico 0718-2724 https://www.redalyc.org/articulo.oa?id=84730304 en http://www.redalyc.org/revista.oa?id=847 Journal of Technology Management & Innovation application/pdf Universidad Alberto Hurtado Journal of Technology Management & Innovation (Chile) Num.3 Vol.3 |
| title | Creating a "market for inventions": a referee model |
| topic | Ingeniería Ideas Errors Invention Knowledge Innovation |
| url | https://www.redalyc.org/articulo.oa?id=84730304 |