Open knowledge disclosure:: An overview of the evidence and economic motivations

This paper reviews current literature on open knowledge disclosure strategies used by firms. It is usually acknowledged that for an innovative firm that does not benefit from a natural protection (such as lead time advance) the best strategy is to keep an innovation secret as long as possible or to protect it through an exclusive patent. However, in apparent contrast to this traditional view, many studies suggest that firms often disclose important parts of their knowledge through scientific publications, conferences, the Internet, etc. This paper aims to provide an overview first of the evidence supporting the existence of open knowledge disclosure and second of the economic motivations that encourage rational, profit seeking firms to adopt these behaviours.