Inventors, Firms, and the Market for Technology in the Late Nineteenth and Early Twentieth Centuries

@inproceedings{Lamoreaux1997InventorsFA,
  title={Inventors, Firms, and the Market for Technology in the Late Nineteenth and Early Twentieth Centuries},
  author={N. Lamoreaux and K. Sokoloff},
  year={1997}
}
Recent scholarly literature explains the spread of in-house research labs during the early 20th century by pointing to the information problems involved in contracting for technology. We argue that these difficulties have been overemphasized and that in fact a substantial trade in patented inventions developed over the course of the 19th century, much of it the form of transactions conducted at arms-length through the market. This expansion of trade in technology made possible a growing… Expand
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