What is Appropriability?
- Appropriability is how much of the social value of an innovation the inventor can capture for themselves.
How Do I Remember It?
- Think of appropriability as the measure of how much credit and benefit an inventor can get for their innovative idea. It’s like ensuring that the person who comes up with a great idea can rightfully claim and enjoy the rewards that come with it.
Real World Example
- When a company develops a groundbreaking technology, the level of appropriability is reflected in its ability to secure patents, copyrights, or other legal protections. This safeguards the innovation and allows the company to control its use and enjoy the associated financial gains.
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