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Conjoint analysis of R&D contract agreements for industry-funded university research

  • So Sohn

    ()

  • Mooyeob Lee
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    Since the late nineteenth century, universities have been regarded as useful sources of technological development to stimulate economic activity. Therefore, many governments have encouraged research collaborations between universities and industries. A consequence of such collaboration in Korea, however, is that university researchers have difficulty claiming ownership of their technological developments. Typical contracts used in academia in Korea have biased benefits for industries. Research and development contract agreements that decrease negotiation efforts between the sectors of academia and industry are essential to increase the efficiency of industry-academia collaborations. In order to determine an optimal contract design, we use conjoint analysis of four attributes, including policies of ownership and compensation, indemnity responsibility, patent application and maintenance fees, and publication restrictions. The resulting preferences take into account the perspectives of both industry and academia. We expect our approach to contribute to increasingly healthy collaborations between industry and academia, which in turn will benefit industrial competition as well as the Korean economy. Copyright Springer Science+Business Media, LLC 2012

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    File URL: http://hdl.handle.net/10.1007/s10961-011-9220-0
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    Article provided by Springer in its journal The Journal of Technology Transfer.

    Volume (Year): 37 (2012)
    Issue (Month): 4 (August)
    Pages: 532-549

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    Handle: RePEc:kap:jtecht:v:37:y:2012:i:4:p:532-549
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    1. Fontana, Roberto & Geuna, Aldo & Matt, Mireille, 2006. "Factors affecting university-industry R&D projects: The importance of searching, screening and signalling," Research Policy, Elsevier, vol. 35(2), pages 309-323, March.
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    5. Gustavo Crespi & Aldo Geuna & Onder Nomaler & Bart Verspagen, 2010. "University IPRs and knowledge transfer: is university ownership more efficient?," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 19(7), pages 627-648.
    6. Lee, Yong S, 2000. " The Sustainability of University-Industry Research Collaboration: An Empirical Assessment," The Journal of Technology Transfer, Springer, vol. 25(2), pages 111-33, June.
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