Exploring market failures in open innovation
利用小微企业数据发现，企业参与开放式创新的平均水平远低于最优水平，原因在于三种市场失灵：对开放式创新好处认识不足、缺乏潜在合作伙伴能力与可信度的信息。研究为政策干预提供了依据。
There is now considerable empirical evidence demonstrating the innovation and performance benefits that accrue to firms engaging in open innovation (OI). Here, we use novel data on micro-businesses to show that the average level of engagement in OI falls well below the optimal level, a finding that reflects that of other empirical studies. We identify and examine three market failures which may help to explain this result. These relate to a lack of understanding of the potential benefits of OI by firms, a lack of information about the capabilities of potential partners and a lack of information about the trustworthiness of potential partners. Our findings provide evidence that policy initiatives designed to offset these information failures are likely to increase the range of partners with which firms engage with significant benefits for innovation.