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Harnessing Success: Determinants of UniversityTechnology Licensing Performance

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  • Sharon Belenzon
  • Mark Schankerman

Abstract

We study the impact of incentive pay, local development objectives and governmentconstraints on university licensing performance. We develop and test a simple contractingmodel of technology licensing offices, using new survey information together with paneldata on U.S. universities for 1995-99. We find that private universities are much morelikely to adopt incentive pay than public ones, but ownership does not affect licensingperformance conditional on the use of incentive pay. Adopting incentive pay is associatedwith about 30-40 percent more income per license. Universities with strong localdevelopment objectives generate about 30 percent less income per license, but are morelikely to license to local (in-state) startup companies. Stronger government constraints are'costly' in terms of foregone license income and startup activity. These results are robustto controls for observed and unobserved heterogeneity.Keywords: incentives,

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Paper provided by Suntory and Toyota International Centres for Economics and Related Disciplines, LSE in its series STICERD - Economics of Industry Papers with number 44.

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Date of creation: Feb 2007
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Handle: RePEc:cep:stieip:44

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Web page: http://sticerd.lse.ac.uk/_new/publications/default.asp

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Keywords: incentives;

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Cited by:
  1. Saul Lach & Mark Schankerman, 2006. "Incentives and Invention in Universities," CEP Discussion Papers dp0729, Centre for Economic Performance, LSE.
  2. repec:wip:wpaper:4 is not listed on IDEAS
  3. Pluvia Zuniga, 2011. "The State of Patenting at Research Institutions in Developing Countries: Policy Approaches and Practices," WIPO Economic Research Working Papers 04, World Intellectual Property Organization - Economics and Statistics Division, revised Dec 2011.
  4. Felicia Diana Nicoara & Dorin Maier & Andreea Maier, 2013. "General Aspects Related To The Technology Transfer, The Main Source Of Innovation And Development Among Economic Operators," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 139-147, August.
  5. Annamaria Conti & Patrick Gaulé, 2010. "Is the US Outperforming Europe in University Technology Licensing? A New Perspective on the European Paradox," DRUID Working Papers 10-04, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.

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