Arbeitspapier

The circulation of ideas in firms and markets

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 to leave if they cannot find an internal fit; markets allow for wide circulation of ideas until matched and completed; under certain circumstances ideas may be even developed in both firms and markets.

Sprache
Englisch

Erschienen in
Series: Nota di Lavoro ; No. 2010,47

Klassifikation
Wirtschaft
Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
Firm Organization and Market Structure
New Firms; Startups
Innovation and Invention: Processes and Incentives
Thema
Ideas
Innovation
Entrepreneurship
Firm Organization
Start-Ups

Ereignis
Geistige Schöpfung
(wer)
Hellman, Thomas
Perotti, Enrico
Ereignis
Veröffentlichung
(wer)
Fondazione Eni Enrico Mattei (FEEM)
(wo)
Milano
(wann)
2010

Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Hellman, Thomas
  • Perotti, Enrico
  • Fondazione Eni Enrico Mattei (FEEM)

Entstanden

  • 2010

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