Happy holidays from us to you—get up to $30 off your next print or eBook! Shop now >>

Innovation, Technology, and Knowledge Management

Trade in Ideas

Performance and Behavioral Properties of Markets in Patents

Authors: Ullberg, Eskil

  • Pioneering view of the patent system as an exchange system, with economic, sociological, and policy implications
  • Demonstrates, state-of-the-art applications of economic experimental design, procedure, and software
  • Challenges standard “non-trade” view of technology and economic development
see more benefits

Buy this book

eBook 91,62 €
price for Spain (gross)
  • ISBN 978-1-4614-1272-4
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 114,39 €
price for Spain (gross)
  • ISBN 978-1-4614-1271-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 114,39 €
price for Spain (gross)
  • ISBN 978-1-4899-9444-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Rent the eBook  
  • Rental duration: 1 or 6 month
  • low-cost access
  • online reader with highlighting and note-making option
  • can be used across all devices
About this book

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.

Using principles of experimental economics, the author investigates the licensing contract and mechanisms of exchange (rules of trade) as this exchange moves towards organized markets with prices. A key issue concerns the effect of introducing demand side bidding, through which the patent system introduces specialization and multiple use of the same technology in different new products, thus expanding the use of technology a firm has to more actors, products, and consumers. The risk and uncertainty in market access for cheaper, better and unique products and services are reduced through new and competitive technology.

Questions raised are related to the “optimal” integration of information and rules in dynamic exchange of patents through institutions.  The view presented shows how inventors and traders can sell their intellectual property to buyers in a producer market, in this case in licensing contracts on patents, to diversify risk and monetize value based on an experimental economic study where the performance and behavioral properties of these institutions is the object of investigation. More fundamentally the work illustrates the theoretical, design, and patent system policy issues in a transition from personal to impersonal trade in ideas.

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.

Using principles of experimental economics, the author investigates the licensing contract and mechanisms of exchange (rules of trade) as this exchange moves towards organized markets with prices. A key issue concerns the effect of introducing demand side bidding, through which the patent system introduces specialization and multiple use of the same technology in different new products, thus expanding the use of technology a firm has to more actors, products, and consumers. The risk and uncertainty in market access for cheaper, better and unique products and services are reduced through new and competitive technology.

Questions raised are related to the “optimal” integration of information and rules in dynamic exchange of patents through institutions.  The view presented shows how inventors and traders can sell their intellectual property to buyers in a producer market, in this case in licensing contracts on patents, to diversify risk and monetize value based on an experimental economic study where the performance and behavioral properties of these institutions is the object of investigation. More fundamentally the work illustrates the theoretical, design, and patent system policy issues in a transition from personal to impersonal trade in ideas.

Table of contents (6 chapters)

  • From Personal to Impersonal Exchange in Ideas

    Ullberg, Eskil

    Pages 1-33

    Preview Buy Chapter 30,19 €
  • A Dynamic Microeconomic System Design for Markets in Patents

    Ullberg, Eskil

    Pages 35-61

    Preview Buy Chapter 30,19 €
  • Prices and Dynamic Gains in Markets for Patents: Experimental Study of Impersonal Exchange in Ideas

    Ullberg, Eskil

    Pages 63-117

    Preview Buy Chapter 30,19 €
  • Coordinating Inventing and Innovating Through Markets in Patents with Prices: Experimental Study of Institutional Behavior and Price Signals

    Ullberg, Eskil

    Pages 119-142

    Preview Buy Chapter 30,19 €
  • Conclusions

    Ullberg, Eskil

    Pages 143-150

    Preview Buy Chapter 30,19 €

Buy this book

eBook 91,62 €
price for Spain (gross)
  • ISBN 978-1-4614-1272-4
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 114,39 €
price for Spain (gross)
  • ISBN 978-1-4614-1271-7
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 114,39 €
price for Spain (gross)
  • ISBN 978-1-4899-9444-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Rent the eBook  
  • Rental duration: 1 or 6 month
  • low-cost access
  • online reader with highlighting and note-making option
  • can be used across all devices
Loading...

Recommended for you

Loading...

Bibliographic Information

Bibliographic Information
Book Title
Trade in Ideas
Book Subtitle
Performance and Behavioral Properties of Markets in Patents
Authors
Series Title
Innovation, Technology, and Knowledge Management
Series Volume
13
Copyright
2012
Publisher
Springer-Verlag New York
Copyright Holder
Springer Science+Business Media, LLC
eBook ISBN
978-1-4614-1272-4
DOI
10.1007/978-1-4614-1272-4
Hardcover ISBN
978-1-4614-1271-7
Softcover ISBN
978-1-4899-9444-8
Series ISSN
2197-5698
Edition Number
1
Number of Pages
XXVI, 202
Topics