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On Markets in Knowledge

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  • Suma Athreye

Abstract

Two conditions must be met in order for specialised markets in knowledge to emerge: (i) The alienation of knowledge from its context which allows knowledge to become a commoditisable product that can be bought and sold and transferred thereafter to different uses. Property rights are sufficient to such alienation and commoditisation. (ii) The establishment of a reasonable volume of exchange transactions in that commodified knowledge, which in turn requires cross sectoral application and horizontal integration. Institutional structures facilitate the continuance of exchanges and are sufficient to the second condition. The second condition is more stringent than the first. Empirical evidence suggests that technological convergence may be the specific and important historical occurrence when markets in technological knowledge emerge. Technological convergence meant that there were areas where knowledge could be transferred across industries, and in that process of transference knowledge also became more generic and abstract. Copyright Kluwer Academic Publishers 1997

Suggested Citation

  • Suma Athreye, 1997. "On Markets in Knowledge," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 1(2), pages 231-253, June.
    • Handle: RePEc:kap:jmgtgv:v:1:y:1997:i:2:p:231-253
    DOI: 10.1023/A:1009912129583
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    References listed on IDEAS

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    Cited by:

    1. Sick, Nathalie & Bröring, Stefanie, 2022. "Exploring the research landscape of convergence from a TIM perspective: A review and research agenda," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    2. Suma Athreye & Lucia Piscitello & Kenneth C. Shadlen, 2020. "Twenty-five years since TRIPS: Patent policy and international business," Journal of International Business Policy, Palgrave Macmillan, vol. 3(4), pages 315-328, December.
    3. Suma Athreye & David Keeble, 2002. "Sources of Increasing Returns and Regional Innovation in the UK," Regional Studies, Taylor & Francis Journals, vol. 36(4), pages 345-357.
    4. Athreye, Suma & Cantwell, John, 2007. "Creating competition?: Globalisation and the emergence of new technology producers," Research Policy, Elsevier, vol. 36(2), pages 209-226, March.

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