CREATING A "MARKET FOR INVENTIONS": A REFEREE MODEL

CREATING A "MARKET FOR INVENTIONS": A REFEREE MODEL

This article considers that the flow of new not patented innovations is difficult to occur among firms, especially when some inventions are 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 particu...

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Autor principal: Grimaldi,Gesualdo
Lenguaje:English
Publicado: Universidad Alberto Hurtado. Facultad de Economía y Negocios 2008
Materias:
Errors
Ideas
Innovation
Invention
Knowledge
Technology Transfer
Acceso en línea:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242008000100004
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spelling oai:scielo:S0718-272420080001000042009-06-09CREATING A "MARKET FOR INVENTIONS": A REFEREE MODELGrimaldi,Gesualdo Errors Ideas Innovation Invention Knowledge Technology Transfer This article considers that the flow of new not patented innovations is difficult to occur among firms, especially when some inventions are 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 buyer's be-haviourand the possibility of expropriation of the new innovation renders the seller reluctantto 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 among institutions and genérate a surplus for the whole society.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.3 n.3 20082008-01-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242008000100004en10.4067/S0718-27242008000100004
institution Scielo Chile
collection Scielo Chile
language English
topic Errors
Ideas
Innovation
Invention
Knowledge
Technology Transfer
spellingShingle Errors
Ideas
Innovation
Invention
Knowledge
Technology Transfer
Grimaldi,Gesualdo
CREATING A "MARKET FOR INVENTIONS": A REFEREE MODEL
description This article considers that the flow of new not patented innovations is difficult to occur among firms, especially when some inventions are 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 buyer's be-haviourand the possibility of expropriation of the new innovation renders the seller reluctantto 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 among institutions and genérate a surplus for the whole society.
author Grimaldi,Gesualdo
author_facet Grimaldi,Gesualdo
author_sort Grimaldi,Gesualdo
title CREATING A "MARKET FOR INVENTIONS": A REFEREE MODEL
title_short CREATING A "MARKET FOR INVENTIONS": A REFEREE MODEL
title_full CREATING A "MARKET FOR INVENTIONS": A REFEREE MODEL
title_fullStr CREATING A "MARKET FOR INVENTIONS": A REFEREE MODEL
title_full_unstemmed CREATING A "MARKET FOR INVENTIONS": A REFEREE MODEL
title_sort creating a "market for inventions": a referee model
publisher Universidad Alberto Hurtado. Facultad de Economía y Negocios
publishDate 2008
url http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242008000100004
work_keys_str_mv AT grimaldigesualdo creatingamarketforinventionsarefereemodel
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