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The Governance Of Localized Knowledge: An Information Economics Approach For The Economics Of Knowledge

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  • Antonelli, Cristiano

    ()
    (University of Turin)

Abstract

Information economics provides important tools to articulate an economics analysis of the governance mechanisms for the generation and exploitation of localized technological knowledge. A variety of hybrid forms of knowledge governance ranging from coordinated transactions and constructed interactions to quasi-hierarchies can be found between the two unrealistic extremes of pure markets and pure organizations. The notion of localized technological knowledge as a highly heterogeneous dynamic process characterized by varying levels of appropriability, tacitness, unpredictability and indivisibility, which take the forms of complementarity and modularity, cumulability, compositeness, fungeability, helps to grasp the logic behind the variety of knowledge governance mechanisms at work. The analysis of transaction, agency and communication costs provides basic guidance to elaborate an integrated framework able to understand the matching between types of knowledge and modes and mechanisms of knowledge governance both in generation and exploitation.

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Bibliographic Info

Paper provided by University of Turin in its series Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio Carlo Alberto. WP series with number 200502.

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Length: 29 pages
Date of creation: Oct 2005
Date of revision:
Handle: RePEc:uto:labeco:200502

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Citations

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Cited by:
  1. Antonelli, Cristiano, 2008. "Localized Technological Knowledge: Pecuniary Knowledge Externalities and Appropriability," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 200809, University of Turin.
  2. Olivier Crevoisier & Hugues Jeannerat, 2009. "Territorial Knowledge Dynamics: From the Proximity Paradigm to Multi-location Milieus," GRET Publications and Working Papers 08-09, GRET Group of Research in Territorial Economy, University of Neuchâtel.
  3. Cristiano Antonelli, 2008. "The new economics of the university: a knowledge governance approach," The Journal of Technology Transfer, Springer, vol. 33(1), pages 1-22, February.
  4. Antonelli, Cristiano, 2008. "Pecuniary Externalities: the Convergence of Directed Technological Change and the Emergence of Innovation Systems," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 200807, University of Turin.
  5. Cristiano Antonelli & Morris Teubal, 2007. "Venture Capitalism as a Mechanism for Knowledge Governance: the Emergence of the Markets for Knowledge Intensive Property Rights," ICER Working Papers 12-2007, ICER - International Centre for Economic Research.
  6. Jackie Krafft & Jacques-Laurent Ravix, 2008. "Corporate governance and the governance of knowledge: rethinking the relationship in terms of corporate coherence," Post-Print hal-00203550, HAL.
  7. Martin Woerter, 2007. "Driving Forces for Research and Development Strategies : An Empirical Analysis Based on Firm-level Panel Data," KOF Working papers 07-184, KOF Swiss Economic Institute, ETH Zurich.
  8. Raphael Suire & Jérome Vicente, 2009. "Why do some places succeed when others decline? A social interaction model of cluster viability," Journal of Economic Geography, Oxford University Press, vol. 9(3), pages 381-404, May.
  9. Antonelli, Cristiano & Teubal, Morris, 2006. "Venture Capitalism as a Mechanism for Knowledge Governance," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 200604, University of Turin.
  10. Jackie Krafft & Jacques-Laurent Ravix, 2005. "The governance of innovative firms: an evolutionary approach," Post-Print hal-00203620, HAL.
  11. Jérôme Vicente & Pierre-Alexandre Balland & Olivier Brossard, 2008. "Getting Into Networks and Clusters: Evidence on the GNSS composite knowledge process in (and from) Midi-Pyrénées," Papers in Evolutionary Economic Geography (PEEG) 0815, Utrecht University, Section of Economic Geography, revised Oct 2008.
  12. Antonelli, Cristiano, 2006. "The Economics of University: a Knowledge Governance Approach," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 200602, University of Turin.
  13. Pier Patrucco, 2008. "The economics of collective knowledge and technological communication," The Journal of Technology Transfer, Springer, vol. 33(6), pages 579-599, December.

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