the internet for the purpose of innovation, to create ideas and concepts, is still underdeveloped. Practical experience …

of the firm with regard to IP transactions in which firms are involved when pursuing open innovation.We argue that the … innovation) to support firms managing transactions. Following the notion of Stigler (1951) and North (1996), the emergence of … TMIs as organizational innovation has an impact on the way how transactions were ‘traditionally managed and thus creates an …