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Erik Olesund

Erik is an assistant with the MELT and MTI projects and also serve as the online editor for

Frank Tietze publishes new book on Technology Market Transactions

Frank Tietze has recently published a book covering his work on patent auctions and related issues entitled “Technology Market Transactions – Auctions, Intermediaries and Innovation“. Within the open innovation paradigm, firms need to operate efficiently in markets for technology. This book presents original research on technology transactions, market intermediaries and, specifically, the role of auctions as a novel transaction model for patented technologies.

Frank Tietze delivers an in-depth discussion of the impact of empirical results upon transaction cost theory, and in so doing, provides the means for better understanding technology transaction processes in general, and auctions in particular. Substantiating transaction cost theory with empirical auction data, the author goes on to explore how governance structures need to be designed for effective distributed innovation processes. He concludes that the auction mechanism is a viable transaction model, and illustrates that the auction design, as currently operated by market intermediaries, requires thorough adjustments. Various options for possible improvements are subsequently prescribed.

The theoretical facets of this book will strongly appeal to business economists, whilst its practical implications will provide an illuminating read for both academics and practitioners in the fields of innovation and intellectual property. Revealing empirically substantiated technology prices, this book will also prove to be of great interest to policy makers for further developing the markets for technology.

To read an abstract of the book, download a longer extract and order it online, please see our Publications section.

This study of technology auctions is long overdue. The book provides a better understanding of intermediaries, and their role and impact in markets for technology. Both scholars and managers will find it insightful.

– Alfonso Gambardella, Bocconi University, Italy

From this book, managers, academics and innovation policy makers will all benefit from new insights into the complex relationships between external technology exploitation strategies, patents, technology trade and open innovation processes. The convincing evidence – drawn from a dataset of technology auctions – helps firms to understand which of their patents are suitable for auction, and also provides guidance to intermediaries to help improve the auction models. The data presented in this book contributes to further price transparency on technology markets and hence to their further development.

– Hugo Tschirky, ETH Zurich, Switzerland

Marcus Holgersson awarded scholarship from IMIT

Our researcher Marcus Holgersson was recently awarded the IMIT (Institute for Management of Innovation and Technology) scholarship for young researchers for his work on innovation and intellectual property management and strategies. Marcus received the scholarship from IMIT chairman and SKF director Hans Sjöström at the annual meeting of IMIT in Stockholm earlier this summer, at which he also held a seminar about his current research.

Read more about Marcus and the scholarship at Chalmers’ website (in Swedish): “Lovande forskare får 25000 kronor av IMIT”

Photo: Jennie Björk


Welcome to the new

We are happy to welcome you to the new version of This is the online home of IIP Research group – a group of researchers that focus on the interdisciplinary topics of intellectual property, intellectual property rights, innovation, technology, management, and entrepreneurship. We aim to publish both past and recent work on this site, so please come back and visit our [intlink id=”23″ type=”page”]publications section[/intlink] soon.