Markets for knowledge are increasingly important to innovation, competitive advantage, and economic growth. This paper examines five distinct markets through which knowledge can be exchanged: the market for codified knowledge (licensing), the market for tacit knowledge (alliances), the market...

Access and utilization of knowledge as in alliances drives firm performance. Prior studies pay heavy attention on knowledge absorption and knowledge transfer among firms, but less on the multifaceted and context dependent construct of mutual knowledge creation among firms in alliances. This...