Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/31832
Year of Publication: 
2007
Series/Report no.: 
Papers on Economics and Evolution No. 0719
Publisher: 
Max Planck Institute of Economics, Jena
Abstract: 
New knowledge with potential commercial value is created, replicated, and transferred in a distributed manner. The highly systemic nature of knowledge production and the need for any knowledge to be individually acquired and expressed in order to produce an effect, jointly constrain the dynamics of knowledge commercialization. This paper analyzes the nature of these constraints from an individualistic perspective, focusing particularly on the often neglected entrepreneurial aspects of the knowledge transfer. It explains how the constraints are overcome by organizational adaptations inside firms so that a sustained knowledge transfer into the commercial sphere of the innovation system can be secured.
JEL: 
D23
D83
J24
M13
M51
O31
O40
Document Type: 
Working Paper

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