Authors: Francisco Javier Carrillo
Addresses: EEHCS, Tecnológico de Monterrey, Campus Monterrey, CT-524, Eugenio Garza Sada 2501 Sur, Monterrey 64890 NL, Mexico
Abstract: Knowledge markets are defined as value exchange systems where the quantity, quality and terms of interactions amongst agents are determined primordially by the dynamic properties of intellectual capital creation and exchange. Such properties include the attributes of knowledge-based value production as well as a distinctive ethos and organisational design. Based on this definition, an array of ten types of knowledge markets is introduced, with a synthetic characterisation for each category. First level types are: intellectual capital dealing, open dealing, crowd dealing, cooperative dealing, non-monetary dealing, social dealing, alternative currencies plus incentive regimes, alternative banking, open knowledge labs and emerging knowledge markets. Each category is broken down into subtypes, each subtype in turn characterised and/or exemplified. The typology description is accompanied by an extensive and updated literature review. The resulting map of knowledge markets may contribute to understand the uniqueness of these novel value-generation arrangements and capitalise on their transformative power.
Keywords: knowledge markets; knowledge-based value exchange; capital systems; typology; value exchange systems; intellectual capital; organisational design; literature review.
International Journal of Knowledge-Based Development, 2016 Vol.7 No.3, pp.264 - 289
Received: 15 Apr 2016
Accepted: 15 Apr 2016
Published online: 18 Aug 2016 *