Nurturing the accumulation of innovations
Subtitle: lessons from the internet
By: Shane Greenstein
Contributors: National Bureau of Economic Research
Series: NBER working paper series -- working paper 15905; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 15905.
Publisher: National Bureau of Economic Research
Published: 2010
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] :
Description: "The innovations the became the foundation for the Internet originate from two eras that illustrate two distinct models for accumulating innovations over the long haul.  The pre-commercial era illustrates the operation of several useful non-market institutional arrangements.  It also illustrates a potential drawback to government sponsorship - in this instance, truncation of exploratory activity.  The commercial era illustrates a rather different set of lessons.  It highlights the extraordinary power of market-oriented and widely distributed investment and adoption, which illustrates the power of market experimentation to foster innovative activity.  It also illustrates a few of the conditions necessary to unleash value creation from such accumulated lessons, such as standards development and competition, and nurturing legal and regulatory policies"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 4/20/2010.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.