David J. Teece

TL;DR: The development of markets for knowhow and intellectual property has broken the traditional nexus between tangible and intangible assets as discussed by the authors, revealing a new foundation for wealth creation: the development, astute deployment, and utilization of intangible assets, of which knowledge, capabilities, and Intellectual Property are the most significant.

TL;DR: The authors identify core ideas and contentions Sidney Winter helped put on the research agenda for scholars interested in complex business organization and point out that Winter's early contentions have implications for strategic thinking (in both business and military contexts) and a promising research agenda lies in the further development of notions of organizational capability.

TL;DR: In this article, the authors examine the relationship between codification and transfer costs and then analyzes various imperfections in the market for know-how, and find that the process is insufficiently well understood to permit the design of effective regulation that appears unlikely to eliminate inefficiency.

TL;DR: In this paper, the authors identify three types of market failures that relate to the existence and structure of multinational enterprises: transaction costs are high relative to the administrative costs of organizing an activity internally, the relative inefficiency of markets for the transfer of knowledge and capabilities, and markets do not exist at all until individuals exercise entrepreneurship and deploy resources to create or co-create them.

TL;DR: In this article, the authors show that Lemley and Shapiro's proposal is not "best practices" for any standards-setting organization and suffers from a number of practical and conceptual problems.