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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Trade in Ideas: Performance and Behavioral Properties of Markets in Patents

Trade in Ideas: Performance and Behavioral Properties of Markets in Patents

Ullberg, Eskil

Paperback

Series: Innovation, Technology, and Knowledge Management, Book 13

Business GeneralEconomicsGeneral Science

ISBN10: 1489994440
ISBN13: 9781489994448
Publisher: Springer Nature
Published: Mar 3 2014
Pages: 202
Weight: 0.70
Height: 0.70 Width: 6.10 Depth: 9.00
Language: English

The economic system is generally understood to operate on the premise of exchange. The most important factor in economic development has always been technology, as a way to expand a limited resource base. Such increase in technology and knowledge is generally accepted by economists, but the mechanisms of exchange through which this happens are much less studied. Generally, a static analysis of product exchange, incorporating new technology, has been undertaken.

This book explores the transition of trade in ideas from an exchange largely within firms and nations to an exchange between firms and nations. This process has been going on since the beginning of the patent system, where importing (trading) technology was made policy in 1474, more than 500 years ago. However, during the past 25-30 years, a growth in exchange of technology between specialized firms, cooperating based on patent licensing, has been phenomenal, with annual licensing transactions exceeding a trillion dollars, not counting value of cross-licensing. Such specialized exchange has been seen in history but not at this scale and level of coordination.

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