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来源类型Working Paper
规范类型报告
DOI10.3386/w16943
来源IDWorking Paper 16943
The Circulation of Ideas in Firms and Markets
Thomas F. Hellmann; Enrico C. Perotti
发表日期2011-04-08
出版年2011
语种英语
摘要Novel early stage ideas face uncertainty on the expertise needed to elaborate them, which creates a need to circulate them widely to find a match. Yet as information is not excludable, shared ideas may be stolen, reducing incentives to innovate. Still, in idea-rich environments inventors may share them without contractual protection. Idea density is enhanced by firms ensuring rewards to inventors, while their legal boundaries limit idea leakage. As firms limit idea circulation, the innovative environment involves a symbiotic interaction: firms incubate ideas and allow employees leave if they cannot find an internal fit; markets allow for wide ideas circulation of ideas until matched and completed; under certain circumstances ideas may be even developed in both firms and markets.
主题Microeconomics ; Economics of Information ; Industrial Organization ; Firm Behavior ; Other ; Accounting, Marketing, and Personnel ; Development and Growth ; Innovation and R& ; D
URLhttps://www.nber.org/papers/w16943
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/574617
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Thomas F. Hellmann,Enrico C. Perotti. The Circulation of Ideas in Firms and Markets. 2011.
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