Technology Clubs: Efficient Pricing in Business-University Collaborations
AbstractRecently, business-university collaborations have become the subject of much interest. It is important to distinguish between `blue-sky` research and more directly commercially applicable research. This paper provides a framework in which to think about the latter. A simple screening model is proposed to study the ways in which a university might sell its research to the private sector. It demonstrates that `technology clubs`, where firms pay a fixed fee to join and a relatively low marginal cost for each piece of research, would increase the amount of research commercially developed and would be beneficial to all parties.
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Bibliographic InfoPaper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 157.
Date of creation: 01 May 2003
Date of revision:
business-university collaboration; screening; technology clubs;
Find related papers by JEL classification:
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
- L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise
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