Jan Bartel

Intermediaries in the Markets for Technology: an Exploratory Study Jan Bartel

The markets for technology have recently gained in importance for industrial companies. By creating competitive technology portfolios and by leveraging internal innovations on the markets for technology, companies could substantially benefit from external technology commercialization. The emergence of intermediary services significantly contributed to this development. The broad range of different types of technology intermediation services reach from simple agency services to complex virtual technology market places. Technology transfers often incorporate immense transaction costs such as search cost. Furthermore, the conducted interviews with technology market experts have discovered that today's technology markets suffer immense market imperfections. Technology intermediaries can significantly reduce those costs, diminish market imperfections and thus facilitate technology transfers. This book addresses decision makers of technology intensive companies, industrial organizations and economists.