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Innovation CommonsThe Origin of Economic Growth$
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Jason Potts

Print publication date: 2019

Print ISBN-13: 9780190937492

Published to Oxford Scholarship Online: August 2019

DOI: 10.1093/oso/9780190937492.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 26 November 2020

Life Cycle of an Innovation Commons

Life Cycle of an Innovation Commons

Chapter:
(p.153) 7 Life Cycle of an Innovation Commons
Source:
Innovation Commons
Author(s):

Jason Potts

Publisher:
Oxford University Press
DOI:10.1093/oso/9780190937492.003.0007

Chapter 7 examines a life-cycle view of an innovation trajectory that begins with an innovation commons, and considers what happens after the innovation commons collapses when entrepreneurial firms emerge (i.e., the fundamental transformation). This chapter explores how the governance role of an innovation commons will often reform and reconstitute to provide industry-specific public goods through collective action, usually in the form of an industry association. This governance function is associated with what in evolutionary theory is called niche construction. This evolutionary governance model of an innovation trajectory shows the complexities of innovation policy.

Keywords:   innovation trajectory, industry life cycle, industry association, niche construction, institutional dynamics

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