Intermediation in Innovation
AbstractThe paper offers a new theoretical framework to examine the role of intermediaries between creators and potential users of new inventions. Using a model of university-industry technology transfer, we demonstrate that technology transfer offices can provide an opportunity to economize on a critical component of efficient innovation investments: the expertise to locate new, external inventions and to overcome the problem of sorting ‘profitable’ from ‘unprofitable’ ones. The findings may help explain the surge in university patenting and licensing since the Bayh-Dole Act of 1980. Furthermore, the study identifies several limitations to the potential efficiency of intermediation in innovation. ZUSAMMENFASSUNG - In diesem Papier stellen wir ein neues theoretisches Modell zur Analyse der Rolle von Intermediären zwischen Erfindern und potentiellen Nutzern von Erfindungen vor. Für den Transfer von Erfindungen aus Universitäten in den Industriebereich zeigen wir, daß Technologietransfer-Stellen den Marktteilnehmern die Möglichkeit bieten, sich die Kosten für den Aufbau der Expertise, neue externe Erfindungen zu lokalisieren und evaluieren, zu teilen. Die Ergebnisse unserer Studie können dazu beitragen, die signifikante Zunahme der Universitätspatente und - lizensen seit dem Bayh-Dole-Act von 1980 in den USA zu erklären. Darüber hinaus diskutieren wir Wohlfahrtswirkungen der Aktivität von Innovations-Intermediären.
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Bibliographic InfoPaper provided by Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG) in its series CIG Working Papers with number FS IV 02-11.
Length: 39 pages
Date of creation: Jun 2002
Date of revision:
Publication status: Published in the Journal of Industrial Organization , Vol. 23(5-6), June 2005, pp. 483-503.
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More information through EDIRC
Intermediation; Market Microstructure; Matching Uncertainty; Innovation; Patent Licensing;
Other versions of this item:
- D4 - Microeconomics - - Market Structure and Pricing
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
- L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
- L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
- 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:
- NEP-ALL-2002-08-29 (All new papers)
- NEP-ENT-2002-08-29 (Entrepreneurship)
- NEP-INO-2002-08-29 (Innovation)
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