The economics of collective knowledge and technological communication |
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| Authors: | Pier Paolo Patrucco |
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| Institution: | (1) Laboratorio di Economia dell’Innovazione “Franco Momigliano”, Dipartimento di Economia, Università di Torino, Via Po 53, 10124 Torino, Italy |
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| Abstract: | Technological knowledge can be understood as a collective good when it is the outcome of the integration between internal
to the firm investments in R&D and learning and the absorption of competencies and technologies provided by external organizations
(such as, other firms, universities, R&D centers). Technological communication is a crucial strategy in such dynamic interaction
between the firm and the system. Only under effective conditions of technological communication the private and social benefits
derived from the exploitation of spillovers are higher than the private losses due to partial inappropriability. The article
presents a simple microeconomic framework to understand knowledge production and distribution, integrating the effects and
conditions of technological communication within a knowledge production function. The interaction between internal investments
in R&D and learning, partial inappropriability, the conditions for the access to external knowledge and the exploitation of
spillovers explains increasing returns in the production of knowledge.
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| Keywords: | Collective knowledge Increasing returns Knowledge diffusion Knowledge spillovers Technological communication |
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