The Market Behaviors of the Patent Transaction

Abstract

This investigation reveals several distinctive features of market players in patent transactions. Through transaction network analysis, patent transaction markets have determined that mature markets are informative environments whereby few players create the majority of transactions. Therefore, this market is highly structured, and the distinctive features of market players are characterized. First, market players exhibit different market behaviors in transactional opportunity and capability. Second, the market management of technological transactions is revealed whereby market players can strategize their industrial assets. Consequently, these findings and results not only depict the IPR strategy of leading technology players but also demonstrate the social structure of their competitive advantage. Thus, this study provides insights into the patent transactions market and also addresses management implications for firms and authorities to maintain the value of intellectual properties.