The Disclosure and Licensing of University Inventions
AbstractWe examine the interplay of the three major university actors in technology transfer from universities to industry: the faculty, the technology transfer office (TTO), and the central administration. We model the faculty as an agent of the administration, and the TTO as an agent of both the faculty and the administration. Empirical tests of the theory are based on evidence from our survey of 62 US research universities. We find that the TTOs reported licensing objectives are influenced by their views of faculty and administration, which supports the assumption that the TTO is a dual agent. The theory yields predictions for whether or not faculty disclose inventions and if so, at what stage, which in turn affects license contract terms. We also examine how the portion of inventions disclosed at different stages varies with faculty quality. Quality is found to be inversely related to the share of license income allotted to faculty.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 9734.
Date of creation: May 2003
Date of revision:
Contact details of provider:
Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
Web page: http://www.nber.org
More information through EDIRC
Find related papers by JEL classification:
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
This paper has been announced in the following NEP Reports:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Marie Thursby & Richard Jensen, 2001. "Proofs and Prototypes for Sale: The Licensing of University Inventions," American Economic Review, American Economic Association, vol. 91(1), pages 240-259, March.
- Macho-Stadler, Ines & Perez-Castrillo, David & Veugelers, Reinhilde, 2007.
"Licensing of university inventions: The role of a technology transfer office,"
International Journal of Industrial Organization,
Elsevier, vol. 25(3), pages 483-510, June.
- Macho-Stadler Inés & Pérez-Castrillo David & Veugelers Reinhilde, 2005. "Licensing of University Inventions: The Role of a Technology Transfer Office," Working Papers 201022, Fundacion BBVA / BBVA Foundation.
- Jerry G. Thursby & Marie C. Thursby, 2003.
"Are Faculty Critical? Their Role in University-Industry Licensing,"
NBER Working Papers
9991, National Bureau of Economic Research, Inc.
- Jerry G. Thursby & Marie C. Thursby, 2004. "Are Faculty Critical? Their Role in University-Industry Licensing," Contemporary Economic Policy, Western Economic Association International, vol. 22(2), pages 162-178, 04.
- Jerry G. Thursby & Marie C. Thursby, 2003. "Are Faculty Critical? Their Role in University-Industry Licensing," Emory Economics 0320, Department of Economics, Emory University (Atlanta).
- Hottenrott, Hanna & Thorwarth, Susanne, 2011.
"Industry funding of university research and scientific productivity,"
ZEW Discussion Papers
10-105 [rev.], ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Hottenrott, Hanna & Thorwarth, Susanne, 2010. "Industry funding of university research and scientific productivity," ZEW Discussion Papers 10-105, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Heidrun C. Hoppe & Emre Ozdenoren, 2002.
"Intermediation in Innovation,"
CIG Working Papers
FS IV 02-11, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- Attila György, 2011. "Knowledge From Research As A Quasi-Public Good," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 56-62, May.
- Calderini, Mario & Franzoni, Chiara & Vezzulli, Andrea, 2007. "If star scientists do not patent: The effect of productivity, basicness and impact on the decision to patent in the academic world," Research Policy, Elsevier, vol. 36(3), pages 303-319, April.
- Roberto ESPOSTI, 2003. "Complementarita' innovative e tragedia degli anticommons. Il caso delle agrobiotecnologie," Working Papers 198, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
- Thomas Hellmann, 2005.
"The Role of Patents for Bridging the Science to Market Gap,"
NBER Working Papers
11460, National Bureau of Economic Research, Inc.
- Thomas Hellmann, 2007. "The Role of Patents for Bridging the Science to Market Gap," NBER Chapters, in: Academic Science and Entrepreneurship: Dual Engines of Growth National Bureau of Economic Research, Inc.
- Hellmann, Thomas, 2007. "The role of patents for bridging the science to market gap," Journal of Economic Behavior & Organization, Elsevier, vol. 63(4), pages 624-647, August.
- Oliver Fabel & Dominique Demougin, 2004.
"The Division of Ownership in New Ventures,"
Working Papers of the Research Group Heterogenous Labor
04-03, Research Group Heterogeneous Labor, University of Konstanz/ZEW Mannheim.
- Celestine Chukumba & Richard Jensen, 2005. "University Invention, Entrepreneurship, and Start-Ups," NBER Working Papers 11475, National Bureau of Economic Research, Inc.
- Larsen, Maria Theresa, 2011. "The implications of academic enterprise for public science: An overview of the empirical evidence," Research Policy, Elsevier, vol. 40(1), pages 6-19, February.
- Richard A. Jensen & Marie C. Thursby, 2004. "Patent Licensing and the Research University," NBER Working Papers 10758, National Bureau of Economic Research, Inc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.