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Three Consequences of Considering Innovation as a Collective Process and Knowledge as a Collective Good

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  • Julien Pénin

    (BETA (Bureau d'Economie Théorique et Appliquée), UMR 7522 du CNRS, Pôle Européen de Gestion et d'Economie, Université Louis Pasteur (Strasbourg 1), 61 avenue de la Forêt Noire, 67085 Strasbourg Cedex, France)

Abstract

Following the seminal work of Arrow (1962) and Nelson (1959) innovation is traditionally viewed as an individual process involving isolated agents connected only through market interactions and the outcome of this process, knowledge, is assumed to share the properties of a public good. Once produced, knowledge is supposed to spill over, i.e., to benefit other agents in the economy instantly. Departing from this approach we adopt here the view that innovation is a collective and interactive process and that knowledge is a collective good, in the sense that it flows only within networks or clubs. This shift of vision helps to improve our understanding of several points dealing with the innovation process. In this paper, we explore three of these points: the absorption of external knowledge, firms' strategies of knowledge management (secrecy versus disclosure) and innovation public policies.

Suggested Citation

  • Julien Pénin, 2005. "Three Consequences of Considering Innovation as a Collective Process and Knowledge as a Collective Good," Journal of Information & Knowledge Management (JIKM), World Scientific Publishing Co. Pte. Ltd., vol. 4(01), pages 15-27.
    • Handle: RePEc:wsi:jikmxx:v:04:y:2005:i:01:n:s0219649205001006
    DOI: 10.1142/S0219649205001006
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