Are
technology markets different?
lKnowledge
economy is not necessarily new
lIncrease
in the importance of scientific and technological discovery for
economic activity
lRapid
growth in variety of arrangements for exchange of
technologies:
nR&D, Joint
Ventures, partnerships, licensing, cross-licensing, contracted R&D
nTrade in
technologies is more common than in the past.
nIBM, HP and TI
license more
nSoftware firms
specializing in IP management
nDevelopment of
online marketplaces where technologies can be bought and sold