Technology market transactions auctions, intermediaries and innovation
pt. 1. Setting the scene -- pt. 2. Technology transactions and auctions -- pt. 3. An empirical study of technology auctions
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Format: | eBook |
Language: | English |
Published: |
Cheltenham, U.K
Edward Elgar
2012
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Subjects: | |
Online Access: | |
Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
Summary: | pt. 1. Setting the scene -- pt. 2. Technology transactions and auctions -- pt. 3. An empirical study of technology auctions Frank Tietze delivers an in-depth discussion of the impact of empirical results upon transaction cost theory, and in so doing, provides the means for better understanding technology transaction processes in general, and auctions in particular. Substantiating transaction cost theory with empirical auction data, the author goes on to explore how governance structures need to be designed for effective distributed innovation processes. He concludes that the auction mechanism is a viable transaction model, and illustrates that the auction design, as currently operated by market intermediaries, requires thorough adjustments. Various options for possible improvements are subsequently prescribed |
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Physical Description: | xiii, 382 p ill. (some col.) |
ISBN: | 9781781953587 9781781000090 |