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

35 Pages Posted: 24 May 2018

See all articles by Brian S. Silverman

Brian S. Silverman

University of Toronto - Rotman School of Management

Date Written: April 30, 2018

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).

Keywords: Markets for Knowledge, Technology Licensing, Alliances, Learning by Hiring, Learning by Exporting, Learning by Importing, Knowledge Flows

JEL Classification: D23, L22, O31, O34, O38

Suggested Citation

Silverman, Brian S., Markets for (Codified, Tacit, Encapsulated, and Firm-Specific) Knowledge (April 30, 2018). Rotman School of Management Working Paper No. 3177206. Available at SSRN: https://ssrn.com/abstract=3177206 or http://dx.doi.org/10.2139/ssrn.3177206

Brian S. Silverman (Contact Author)

University of Toronto - Rotman School of Management ( email )

105 St. George Street
Toronto, Ontario M5S 3E6 M5S1S4
Canada

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