Transnational Knowledge: Its Creation and Distribution Exploiting Entrepreneurship and Organisational Behaviour

Abstract

How can knowledge be created (incentivised) and distributed (shared socially) when it is what economists define as a public good - it is very expensive to produce, its use by any one person leaves no less for anyone else and it is generally difficult to sustain property rights over?  In economic terms the marginal cost of distributing knowledge is zero and as marginal cost should equal price for optimality, price should be zero. Clearly if the price were zero there will be no incentive for anyone to produce it. So what is to be done?