The Innovation Commons
18 Pages Posted: 23 Dec 2015 Last revised: 27 Apr 2016
Date Written: April 21, 2012
An innovation commons is an institutional solution to the innovation problem in which knowledge, information and resources are pooled under defined governance rules to enable a particular community access to those inputs into innovation, often in a context of peer production. This paper examines the economics of why and when the commons is an effective institutional solution to the innovation problem. I set out four basic models of the innovation commons: (1) dual-commons; (2) evolution of cooperation; (3) strategic defence; (4) uncertainty of idea type. I suggest how innovation policy might look like were it were to recognise the contribution of the innovation commons.
Keywords: innovation, commons, entrepreneurship, new technology, cooperation
JEL Classification: O3
Suggested Citation: Suggested Citation