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2017 | OriginalPaper | Chapter

3. Economic Effects of Open Innovation

Author : JinHyo Joseph Yun

Published in: Business Model Design Compass

Publisher: Springer Singapore

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Abstract

We study the economic effects of open innovation, which has been recognized as an economic phenomenon and economic paradigm that surpasses the management strategies of individual enterprises. First, we look into limited open innovation phenomena such as long tail phenomena and App Store. Next, the economic characteristics of open innovation have been identified: increases of marginal products, economy of diversity, and X-efficiency improvement.

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previous chapter Dynamics of the Open Innovation Economy System
next chapter Open Innovation Policy in National Innovation System
Footnotes
1
CrackBerry is a newly coined word that combines the words “crack,” a sort of narcotics, and “BlackBerry,” which refers to users addicted to the use of smartphones, such as BlackBerry.
 
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Metadata
Title
Economic Effects of Open Innovation
Author
JinHyo Joseph Yun
Copyright Year
2017
Publisher
Springer Singapore
Book
Business Model Design Compass

Print ISBN: 978-981-10-4126-6

Electronic ISBN: 978-981-10-4128-0

Copyright Year: 2017

DOI
https://doi.org/10.1007/978-981-10-4128-0_3