Markets for (Codified, Tacit, Encapsulated, and Firm-Specific) Knowledge

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 2018 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Brian S. Silverman;

doi: 10.2139/ssrn.3177206

Markets for (Codified, Tacit, Encapsulated, and Firm-Specific) Knowledge

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Abstract

Markets for knowledge are increasingly important to innovation, competitive advantage, and economic growth. This paper examines five distinct markets through which knowledge can be exchanged: the market for codified knowledge (licensing), the market for tacit knowledge (alliances), the market for encapsulated knowledge (sale/purchase of sophisticated products), the market for workers’ knowledge (labor mobility), and the market for firm-wide knowledge or capabilities (mergers and acquisitions).

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University of Toronto
Canada

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