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

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
115
Abstract Views
774
Rank
423,035
PlumX Metrics