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Creating a “Market for Inventions”: A Referee Model;
Creating a “Market for Inventions”: A Referee Model

dc.creatorGrimaldi, Gesualdo
dc.date2008-10-02
dc.identifierhttps://www.jotmi.org/index.php/GT/article/view/art85
dc.identifier10.4067/S0718-27242008000100004
dc.descriptionThis 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 behaviour and 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 among institutions and generate a surplus for the whole society.en-US
dc.descriptionThis 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 behaviour and 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 among institutions and generate a surplus for the whole society.es-ES
dc.descriptionThis 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 behaviour and 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 among institutions and generate a surplus for the whole society.pt-BR
dc.formatapplication/pdf
dc.languageeng
dc.publisherFacultad de Economía y Negocios, Universidad Alberto Hurtadoen-US
dc.relationhttps://www.jotmi.org/index.php/GT/article/view/art85/445
dc.rightsCopyright (c) 2008 Journal of Technology Management & Innovationen-US
dc.rightshttps://creativecommons.org/licenses/by-sa/4.0en-US
dc.sourceJournal of Technology Management & Innovation; Vol. 3 No. 3 (2008); 33-44en-US
dc.sourceJournal of Technology Management & Innovation; Vol. 3 Núm. 3 (2008); 33-44es-ES
dc.source0718-2724
dc.subjectErrorsen-US
dc.subjectIdeasen-US
dc.subjectInnovationen-US
dc.subjectInventionen-US
dc.subjectKnowledgeen-US
dc.subjectTechnology Transfer.en-US
dc.titleCreating a “Market for Inventions”: A Referee Modelen-US
dc.titleCreating a “Market for Inventions”: A Referee Modeles-ES
dc.titleCreating a “Market for Inventions”: A Referee Modelpt-BR
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion
dc.typeArtículo revisado por paresen-US


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