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The Market for Technology in the Chemical Industry : Causes and Consequences

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Author Info

  • Ashish Arora
  • Andréa Fosfuri

Abstract

[eng] The chemical industry provides a good example of the existence and functioning of a market for technology. This paper suggests that, in chemicals, patents have played a key role in facilitating the purchase and sale of technology. However, patents alone would not be sufficient for the rise of a market for technology. We suggest that the presence of specialized engineering firms has contributed to make chemical technology more widespread and has forced the large chemical corporations to modify their technology strategies. Empirical evidence is provided using a large database on worldwide investments in chemical plants during the 1980s. [fre] L'industrie chimique donne un bon exemple de l'existence et du fonctionnement d'un marché des technologies. Ce papier suggère que, dans l'industrie chimique, les brevets ont joué un rôle clé en facilitant l'achat et la vente de technologies. Cependant, les brevets à eux seuls n'auraient pas été suffisants pour faire émerger un marché des technologies. Nous suggérons que la présence de firmes d'ingénierie spécialisées a contribué à la diffusion des technologies et a forcé les grandes compagnies chimiques à modifier leurs stratégies technologiques. Des constatations empiriques sont faites en utilisant une base de données sur les investissements dans les usines chimiques au cours des années 1980 dans le monde entier.

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File URL: http://dx.doi.org/10.3406/rei.2000.1054
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File URL: http://www.persee.fr/articleAsPDF/rei_0154-3229_2000_num_92_1_1054/rei_0154-3229_2000_num_92_1_1054.pdf?mode=light
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Bibliographic Info

Article provided by Programme National Persée in its journal Revue d'économie industrielle.

Volume (Year): 92 (2000)
Issue (Month): 1 ()
Pages: 317-334

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Handle: RePEc:prs:recind:rei_0154-3229_2000_num_92_1_1054

Note: DOI:10.3406/rei.2000.1054
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Web page: http://www.persee.fr/web/revues/home/prescript/revue/rei

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Citations

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Cited by:
  1. Pénin, Julien & Wack, Jean-Pierre, 2008. "Research tool patents and free-libre biotechnology: A suggested unified framework," Research Policy, Elsevier, vol. 37(10), pages 1909-1921, December.
  2. Étienne Chantrel & Andre Grimaud & Frederic Tournemaine, 2012. "Pricing Knowledge and Funding Research of New Technology Sectors in a Growth Model," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 14(3), pages 493-520, 06.
  3. Andrea Fosfuri, 2002. "Country Risk And The International Flows Of Technology: Evidence From The Chemical Industry," Business Economics Working Papers wb022514, Universidad Carlos III, Departamento de Economía de la Empresa.
  4. Arora, Ashish & Fosfuri, Andrea, 2003. "Licensing the market for technology," Journal of Economic Behavior & Organization, Elsevier, vol. 52(2), pages 277-295, October.
  5. Patrick Cohendet & Matthieu Farcot & Julien Pénin, 2009. "Intellectual property in a knowledge-based economy : Patents to include vs. patents to exclude," Working Papers of BETA 2009-15, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  6. Julien Pénin, 2003. "Patents versus ex-post rewards: a new look," Working Papers of BETA 2003-09, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  7. Paul H. Jensen & Alfons Palangkaraya & Elizabeth Webster, 2013. "Trust, Incomplete Contracts and the Market for Technology," Melbourne Institute Working Paper Series wp2013n03, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
  8. Fabrizio Cesaroni, 2001. "Technology Strategies in the Knowldge Economy. The Licensing Activity of Himont," LEM Papers Series 2001/18, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  9. Palomeras, Neus, 2003. "Sleeping patents: any reason to wake up?," IESE Research Papers D/506, IESE Business School.
  10. Motohashi, Kazuyuki, 2008. "Licensing or not licensing? An empirical analysis of the strategic use of patents by Japanese firms," Research Policy, Elsevier, vol. 37(9), pages 1548-1555, October.
  11. Grimaud, André, 2008. "Weightless Economy, Knowledge Goods and Schumpeterian Growth," IDEI Working Papers 501, Institut d'Économie Industrielle (IDEI), Toulouse.
  12. Ashish Arora & Alfonso Gambardella, 2011. "Implications for Energy Innovation from the Chemical Industry," NBER Chapters, in: Accelerating Energy Innovation: Insights from Multiple Sectors, pages 87-111 National Bureau of Economic Research, Inc.

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