The law and economics of technology markets and intellectual property intermediaries

Massimiliano Granieri (Università degli Studi di Brescia)

Abstract

This paper explores the legal and economic antecedents of technology markets as possible explanation for the different performance such markets have at national level in different countries and regions. By using arguments of transaction cost economics and contributions from current the conversation on open innovation, it aims at providing a rationale for the behavior of market players and on the incentives they respond to. A comparative analysis between Europe and the United States helps to identify framework conditions and institutional differences that bear consequences in terms of how intellectual property owners, intermediaries and innovative companies are set to interact in view of transfer of technologies.

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