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

Main Author: Tietze, Frank
Corporate Author: Edward Elgar Publishing
Format: eBook
Language:English
Published: Cheltenham, U.K Edward Elgar 2012
Subjects:
Online Access:
Collection: Edward Elgar eBook Archive - Collection details see MPG.ReNa
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520 |a pt. 1. Setting the scene -- pt. 2. Technology transactions and auctions -- pt. 3. An empirical study of technology auctions 
520 |a 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