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Economic Effects of Open Innovation

  • JinHyo Joseph Yun
Chapter
Part of the Management for Professionals book series (MANAGPROF)

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.

Keywords

Long tail economy Increases of marginal products The economy of diversity X-efficiency 

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Copyright information

© Springer Nature Singapore Pte Ltd. 2017

Authors and Affiliations

  • JinHyo Joseph Yun
    • 1
  1. 1.Tenured Researcher of DGIST and Professor of Open Innovation Academy of SOItmCDaeguKorea, Republic of (South Korea)

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