IDEAS home Printed from https://ideas.repec.org/h/spr/innchp/978-1-4614-1272-4_1.html
   My bibliography  Save this book chapter

From Personal to Impersonal Exchange in Ideas

In: Trade in Ideas

Author

Listed:
  • Eskil Ullberg

    (George Mason University)

Abstract

Technology – human ideas on using the laws of nature – has always been at the heart of economic development. With the patent system, first introduced in Venice in 1474, technical ideas became tradable in their own rights. Such exchange promises gains in impersonal markets based on the patents, changing the economic organization, and shifting the risk-bearing and risk-sharing between specialized firms for invention, trading/investment, innovation, and customers resulting in a potentially more efficient sharing of risk in the economic system. Previous discussion has mainly treated technological inventions and innovation as being coordinated within a hierarchy. This study is a dual study of mechanisms and contract for coordination between such hierarchies. This is a political economic problem, where government subsidies and secrecy are replaced by markets (using excluding and transferrable rights for economic gains) and openness (publication of the ideas for social gains) as policy to achieve a higher growth and access to technical knowledge in the economic system. The performance and behavioral characteristics of such markets in patents with prices are investigated using experimental economics. Chapter 1 outlines the general economic proposition and discusses the parameterization of the exchange markets, based on principles of the patent system and practices of individuals, firms, and nations exchanging technology since the conception of the patent system.

Suggested Citation

  • Eskil Ullberg, 2012. "From Personal to Impersonal Exchange in Ideas," Innovation, Technology, and Knowledge Management, in: Trade in Ideas, chapter 0, pages 1-33, Springer.
    • Handle: RePEc:spr:innchp:978-1-4614-1272-4_1
    DOI: 10.1007/978-1-4614-1272-4_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:innchp:978-1-4614-1272-4_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.