Includes bibliographical references (pages 289-326) and index.
1. Markets for Technology: Why Do We See Them, Why We Don't See More of Them, and Why We Should Care -- I. Markets for Technology: Extent and Development -- 2. Preliminary Evidence -- 3. The Division of Innovative Labor in High-Tech Industries -- II. Limitations and Determinants -- 4. Context Dependence, Sticky Information, and the Limits of the Market for Technology -- 5. Intellectual Property Rights and the Licensing of Know-How -- 6. Markets for Technology and the Size of the Market: Adam Smith and the Division of Innovative Labor Revisited -- III. Functioning and Economic Implications -- 7. Licensing the Market for Technology -- 8. Global Technology Suppliers and the International Division of Innovative Labor -- IV. Implications for Public Policy and Corporate Strategy -- 9. Implications for Corporate Strategy -- 10. The Institutional Context: Problems and Policy -- 11. Conclusions.
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The past two decades have seen a gradual but noticeable change in the economic organization of innovative activity. Most firms used to integrate research and development with activities such as production, marketing, and distribution. Today firms are forming joint ventures, research and development alliances, licensing deals, and a variety of other outsourcing arrangements with universities, technology-based start-ups, and other established firms. In many industries, a division of innovative labor is emerging, with a substantial increase in the licensing of existing and prospective technologies. In short, technology and knowledge are becoming definable and tradable commodities.Although researchers have made significant advances in understanding the determinants and consequences of innovation, until recently they have paid little attention to how innovation functions as an economic process. This book examines the nature and workings of markets for intermediate technological inputs. It looks first at how industry structure, the nature of knowledge, and intellectual property rights facilitate the development of technology markets. It then examines the impacts of these markets on firm boundaries, the division of labor within the economy, industry structure, and economic growth. Finally, it examines the implications of this framework for public policy and corporate strategy. Combining theoretical perspectives from economics and management with empirical analysis, the book also draws on historical evidence and case studies to flesh out its research results.
MIT Press
MIT Press
4451
9780262267366
Markets for technology.
0262011905
Employees-- Effect of technological innovations on.
Globalization-- Economic aspects.
High technology industries-- Management.
License agreements.
Technological innovations-- Economic aspects.
Technology-- Marketing.
Technology transfer-- Economic aspects.
Bedrijfsbeleid.
Economische aspecten.
Employees-- Effect of technological innovations on.
Employees-- Effect of technological innovations on.