Knowledge is a positive externality

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Since knowledge creation is a cumulative effect, we can see knowledge creation as a positive externality. This is tightly coupled to the idea of knowledge spill-over, where the investments of one party in knowledge creation can have benefits for other parties.

In this context, we could argue that open hardware can be a vehicle to create such externalities (see: Externality in economics).


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Aquiles Carattino
Aquiles Carattino
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