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40th Annual Hawaii International Conference on System Sciences (HICSS'07)
Big Island, Hawaii
January 03-January 06
ISBN: 0-7695-2755-8
Gavin Clarkson, University of Michigan, USA
Marshall Van Alstyne, Boston University & MIT, USA
Certain default rules for adjudicating property rights disputes retard innovation by discouraging information sharing. Reasons, identified as far back as Arrow 1962, include inspecting the value of information and uncertainty over future contingent claims. In response, we propose a solution based on a simple definition of "fairness." This unblocks innovation by increasing willingness to share private information.
Citation:
Gavin Clarkson, Marshall Van Alstyne, "The Social Efficiency of Fairness: An Innovation Economics Approach to Innovation," hicss, pp.155b, 40th Annual Hawaii International Conference on System Sciences (HICSS'07), 2007
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