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Academic Inventors' Choice of Transfer Channels Dependent on Commercialisation Experience - a Theoretical Model

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  • Thomas Brenner

    ()
    (Department of Geography, Philipps University Marburg)

  • Sidonia von Ledebur

    ()
    (Department of Geography, Philipps University Marburg)

Abstract

Academic inventions have to be transferred to industry to become an innovation. Scientists face multiple options for this transfer, from informal knowledge transfers to patents, licences, and spin-offs. These transfer channels require different efforts and inhibit different degrees of complexity. We want to theoretically explain the inventor's choice of a certain transfer channel. Under the assumption that (i) dealing with complexity is similar to facing risk, and (ii) scientists are risk averse, we show that the chosen transfer channels are path-dependent: with increasing commercialisation experience inventors choose more complex channels, up to a certain limit of complexity.

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Bibliographic Info

Paper provided by Philipps University Marburg, Department of Geography in its series Working Papers on Innovation and Space with number 2008-01.

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Length: 17 pages
Date of creation: 2008
Date of revision:
Handle: RePEc:pum:wpaper:2008-01

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  1. Adams, James D, 1990. "Fundamental Stocks of Knowledge and Productivity Growth," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 673-702, August.
  2. D'Este, P. & Patel, P., 2007. "University-industry linkages in the UK: What are the factors underlying the variety of interactions with industry?," Research Policy, Elsevier, vol. 36(9), pages 1295-1313, November.
  3. Wesley M Cohen & Richard R Nelson & John P Walsh, 2003. "Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (Or Not)," Levine's Working Paper Archive 618897000000000624, David K. Levine.
  4. Gustavo Crespi & Aldo Geuna & Lionel Nesta, 2007. "The mobility of university inventors in Europe," The Journal of Technology Transfer, Springer, vol. 32(3), pages 195-215, June.
  5. Isabelle, Marc & Goddard, John Gabriel, 2006. "How do Public Laboratories Collaborate with Industry? New Survey Evidence from France," Economics Papers from University Paris Dauphine 123456789/5023, Paris Dauphine University.
  6. Ajay Agrawal & Rebecca Henderson, 2002. "Putting Patents in Context: Exploring Knowledge Transfer from MIT," Management Science, INFORMS, vol. 48(1), pages 44-60, January.
  7. Mansfield, Edwin, 1998. "Academic research and industrial innovation: An update of empirical findings1," Research Policy, Elsevier, vol. 26(7-8), pages 773-776, April.
  8. A. Heher, 2006. "Return on Investment in Innovation: Implications for Institutions and National Agencies," The Journal of Technology Transfer, Springer, vol. 31(4), pages 403-414, 07.
  9. Jaffe, Adam B, 1989. "Real Effects of Academic Research," American Economic Review, American Economic Association, vol. 79(5), pages 957-70, December.
  10. Klofsten, Magnus & Jones-Evans, Dylan, 2000. " Comparing Academic Entrepreneurship in Europe--The Case of Sweden and Ireland," Small Business Economics, Springer, vol. 14(4), pages 299-309, June.
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