IDEAS home Printed from https://ideas.repec.org/a/kap/jtecht/v44y2019i5d10.1007_s10961-018-9667-3.html
   My bibliography  Save this article

Technology transfer with search intensity and project advertising

Author

Listed:
  • Giorgio Calcagnini

    (Università di Urbino Carlo Bo
    Mo.Fi.R)

  • Germana Giombini

    (Università di Urbino Carlo Bo
    Mo.Fi.R)

  • Paolo Liberati

    (Università degli Studi di Roma Tre)

  • Giuseppe Travaglini

    (Università di Urbino Carlo Bo)

Abstract

We present a model where technology transfer (TT) is embedded into a non cooperative model of utility and profit maximization and is the result of an endogenous matching process between technology transfer offices and innovative firms. We show that TT strictly depends on the costs of searching researchers and firm advertising for vacant projects. In this scenario, technology progress might be excessively low if technology transfer offices search for project matches too much intensively. The result occurs because both sides of the market ignore the externalities of their decisions. Complementarity or substitutability between the tightness in the TT market and the technology stock are both potential equilibrium outcomes.

Suggested Citation

  • Giorgio Calcagnini & Germana Giombini & Paolo Liberati & Giuseppe Travaglini, 2019. "Technology transfer with search intensity and project advertising," The Journal of Technology Transfer, Springer, vol. 44(5), pages 1529-1546, October.
  • Handle: RePEc:kap:jtecht:v:44:y:2019:i:5:d:10.1007_s10961-018-9667-3
    DOI: 10.1007/s10961-018-9667-3
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10961-018-9667-3
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1007/s10961-018-9667-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Albert Link & Dianne Welsh, 2013. "From laboratory to market: on the propensity of young inventors to form a new business," Small Business Economics, Springer, vol. 40(1), pages 1-7, January.
    2. Dennis Leyden & Albert Link, 2013. "Knowledge spillovers, collective entrepreneurship, and economic growth: the role of universities," Small Business Economics, Springer, vol. 41(4), pages 797-817, December.
    3. David Aristei & Michela Vecchi & Francesco Venturini, 2016. "University and inter-firm R&D collaborations: propensity and intensity of cooperation in Europe," The Journal of Technology Transfer, Springer, vol. 41(4), pages 841-871, August.
    4. Siegel, Donald S. & Waldman, David & Link, Albert, 2003. "Assessing the impact of organizational practices on the relative productivity of university technology transfer offices: an exploratory study," Research Policy, Elsevier, vol. 32(1), pages 27-48, January.
    5. Macho-Stadler, Inés & Pérez-Castrillo, David, 2010. "Incentives in university technology transfers," International Journal of Industrial Organization, Elsevier, vol. 28(4), pages 362-367, July.
    6. Michele Meoli & Stefano Paleari & Silvio Vismara, 2013. "Completing the technology transfer process: M&As of science-based IPOs," Small Business Economics, Springer, vol. 40(2), pages 227-248, February.
    7. Giorgio Calcagnini & Ilario Favaretto & Germana Giombini & Francesco Perugini & Rosalba Rombaldoni, 2016. "The role of universities in the location of innovative start-ups," The Journal of Technology Transfer, Springer, vol. 41(4), pages 670-693, August.
    8. Diamond, Peter A, 1982. "Aggregate Demand Management in Search Equilibrium," Journal of Political Economy, University of Chicago Press, vol. 90(5), pages 881-894, October.
    9. Federico Castillo & J. Keith Gilless & Amir Heiman & David Zilberman, 2018. "Time of adoption and intensity of technology transfer: an institutional analysis of offices of technology transfer in the United States," The Journal of Technology Transfer, Springer, vol. 43(1), pages 120-138, February.
    10. Richard A. Jensen & Jerry G. Thursby & Marie C. Thursby, 2003. "The Disclosure and Licensing of University Inventions," NBER Working Papers 9734, National Bureau of Economic Research, Inc.
    11. Leydesdorff, Loet, 2000. "The triple helix: an evolutionary model of innovations," Research Policy, Elsevier, vol. 29(2), pages 243-255, February.
    12. Giorgio Calcagnini & Germana Giombini & Paolo Liberati & Giuseppe Travaglini, 2016. "A matching model of university–industry collaborations," Small Business Economics, Springer, vol. 46(1), pages 31-43, January.
    13. Marjolein C.J. Caniëls, 2000. "Knowledge Spillovers and Economic Growth," Books, Edward Elgar Publishing, number 1936.
    14. 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.
    15. Audretsch, David B. & Lehmann, Erik E. & Warning, Susanne, 2005. "University spillovers and new firm location," Research Policy, Elsevier, vol. 34(7), pages 1113-1122, September.
    16. Andrea Conte & Marco Vivarelli, 2014. "Succeeding in innovation: key insights on the role of R&D and technological acquisition drawn from company data," Empirical Economics, Springer, vol. 47(4), pages 1317-1340, December.
    17. Saul Lach & Mark Schankerman, 2004. "Royalty Sharing and Technology Licensing in Universities," Journal of the European Economic Association, MIT Press, vol. 2(2-3), pages 252-264, 04/05.
    18. Solow, Robert M., 1979. "Another possible source of wage stickiness," Journal of Macroeconomics, Elsevier, vol. 1(1), pages 79-82.
    19. Christopher A. Pissarides, 2000. "Equilibrium Unemployment Theory, 2nd Edition," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262161877, December.
    20. Link, Albert N. & Scott, John T., 2005. "Universities as partners in U.S. research joint ventures," Research Policy, Elsevier, vol. 34(3), pages 385-393, April.
    21. Alessandro Muscio & Davide Quaglione & Giovanna Vallanti, 2015. "University regulation and university–industry interaction: a performance analysis of Italian academic departments," Industrial and Corporate Change, Oxford University Press, vol. 24(5), pages 1047-1079.
    22. Giorgio Calcagnini & Germana Giombini & Giuseppe Travaglini, 2015. "The productivity gap among European countries," Working Papers 1510, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2015.
    23. Jensen, Richard A. & Thursby, Jerry G. & Thursby, Marie C., 2003. "Disclosure and licensing of University inventions: 'The best we can do with the s**t we get to work with'," International Journal of Industrial Organization, Elsevier, vol. 21(9), pages 1271-1300, November.
    24. Perkmann, Markus & Tartari, Valentina & McKelvey, Maureen & Autio, Erkko & Broström, Anders & D’Este, Pablo & Fini, Riccardo & Geuna, Aldo & Grimaldi, Rosa & Hughes, Alan & Krabel, Stefan & Kitson, Mi, 2013. "Academic engagement and commercialisation: A review of the literature on university–industry relations," Research Policy, Elsevier, vol. 42(2), pages 423-442.
    25. Audretsch, David B. & Lehmann, Erik E., 2005. "Do University policies make a difference?," Research Policy, Elsevier, vol. 34(3), pages 343-347, April.
    26. Muscio, Alessandro & Quaglione, Davide & Ramaciotti, Laura, 2016. "The effects of university rules on spinoff creation: The case of academia in Italy," Research Policy, Elsevier, vol. 45(7), pages 1386-1396.
    27. Pontus Braunerhjelm & Zoltán J. Ács & David B. Audretsch & Bo Carlsson, 2015. "The missing link: knowledge diffusion and entrepreneurship in endogenous growth," Chapters, in: Global Entrepreneurship, Institutions and Incentives, chapter 6, pages 108-128, Edward Elgar Publishing.
    28. Pissarides, Christopher A, 1984. "Search Intensity, Job Advertising, and Efficiency," Journal of Labor Economics, University of Chicago Press, vol. 2(1), pages 128-143, January.
    29. Albert N. Link & Donald S. Siegel & Barry Bozeman, 2007. "An empirical analysis of the propensity of academics to engage in informal university technology transfer ," Industrial and Corporate Change, Oxford University Press, vol. 16(4), pages 641-655, August.
    30. Phan, Phillip H. & Siegel, Donald S., 2006. "The Effectiveness of University Technology Transfer," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 2(2), pages 77-144, November.
    31. Calcagnini, Giorgio & Travaglini, Giuseppe, 2014. "A time series analysis of labor productivity. Italy versus the European countries and the U.S," Economic Modelling, Elsevier, vol. 36(C), pages 622-628.
    32. Oliver Jean Blanchard & Peter Diamond, 1989. "The Beveridge Curve," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 20(1), pages 1-76.
    33. 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.
    34. Bozeman, Barry, 2000. "Technology transfer and public policy: a review of research and theory," Research Policy, Elsevier, vol. 29(4-5), pages 627-655, April.
    35. Shi, Shouyong & Wen, Quan, 1997. "Labor market search and capital accumulation: Some analytical results," Journal of Economic Dynamics and Control, Elsevier, vol. 21(10), pages 1747-1776, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jun, Seung-Pyo & Yoo, Hyoung Sun & Hwang, Jeena, 2021. "A hybrid recommendation model for successful R&D collaboration: Mixing machine learning and discriminant analysis," Technological Forecasting and Social Change, Elsevier, vol. 170(C).
    2. Ionut Marius CROITORU & Cosmin Alexandru SPIRIDON & Florin Ionut BRATILOVEANU & Andrei Constantin Ioan ARLET & Romanita JUMANCA, 2023. "Technology Transfer – Bibliometric Analysis of Scientific Articles in the Web of Science," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 138-145.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Giorgio Calcagnini & Germana Giombini & Paolo Liberati & Giuseppe Travaglini, 2016. "A matching model of university–industry collaborations," Small Business Economics, Springer, vol. 46(1), pages 31-43, January.
    2. Giorgio Calcagnini & Germana Giombini & Paolo Liberati & Giuseppe Travaglini, 2016. "A matching model of university–industry collaborations," Small Business Economics, Springer, vol. 46(1), pages 31-43, January.
    3. Good, Matthew & Knockaert, Mirjam & Soppe, Birthe & Wright, Mike, 2019. "The technology transfer ecosystem in academia. An organizational design perspective," Technovation, Elsevier, vol. 82, pages 35-50.
    4. Christian Sandström & Karl Wennberg & Martin W. Wallin & Yulia Zherlygina, 2018. "Public policy for academic entrepreneurship initiatives: a review and critical discussion," The Journal of Technology Transfer, Springer, vol. 43(5), pages 1232-1256, October.
    5. Ani Gerbin & Mateja Drnovsek, 2016. "Determinants and public policy implications of academic-industry knowledge transfer in life sciences: a review and a conceptual framework," The Journal of Technology Transfer, Springer, vol. 41(5), pages 979-1076, October.
    6. Edler, Jakob & Fier, Heide & Grimpe, Christoph, 2011. "International scientist mobility and the locus of knowledge and technology transfer," Research Policy, Elsevier, vol. 40(6), pages 791-805, July.
    7. O’Kane, Conor & Mangematin, Vincent & Geoghegan, Will & Fitzgerald, Ciara, 2015. "University technology transfer offices: The search for identity to build legitimacy," Research Policy, Elsevier, vol. 44(2), pages 421-437.
    8. Christopher S. Hayter, 2013. "Harnessing University Entrepreneurship for Economic Growth," Economic Development Quarterly, , vol. 27(1), pages 18-28, February.
    9. William R. Meek & Matthew S. Wood, 2016. "Navigating a Sea of Change: Identity Misalignment and Adaptation in Academic Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 40(5), pages 1093-1120, September.
    10. Conor O’Kane & James A. Cunningham & Matthias Menter & Sara Walton, 2021. "The brokering role of technology transfer offices within entrepreneurial ecosystems: an investigation of macro–meso–micro factors," The Journal of Technology Transfer, Springer, vol. 46(6), pages 1814-1844, December.
    11. Conor O'Kane & Vincent Mangematin & Will Geoghegan & Ciara Fitzgerald, 2015. "University Technology Transfer offices : the search for identity to build legimacy," Post-Print hal-01072998, HAL.
    12. Samantha Bradley & Christopher Hayter & Albert Link, 2013. "Proof of Concept Centers in the United States: an exploratory look," The Journal of Technology Transfer, Springer, vol. 38(4), pages 349-381, August.
    13. Bradley, Samantha R. & Hayter, Christopher S. & Link, Albert N., 2013. "Models and Methods of University Technology Transfer," UNCG Economics Working Papers 13-10, University of North Carolina at Greensboro, Department of Economics.
    14. David A. Kirby & Hala H. El Hadidi, 2019. "University technology transfer efficiency in a factor driven economy: the need for a coherent policy in Egypt," The Journal of Technology Transfer, Springer, vol. 44(5), pages 1367-1395, October.
    15. Fini, Riccardo & Grimaldi, Rosa & Meoli, Azzurra, 2020. "The effectiveness of university regulations to foster science-based entrepreneurship," Research Policy, Elsevier, vol. 49(10).
    16. Véronique Schaeffer & Sıla Öcalan-Özel & Julien Pénin, 2020. "The complementarities between formal and informal channels of university–industry knowledge transfer: a longitudinal approach," The Journal of Technology Transfer, Springer, vol. 45(1), pages 31-55, February.
    17. Mario BENASSI & Matteo LANDONI & Francesco RENTOCCHINI, 2017. "University Management Practices and Academic Spin-offs," Departmental Working Papers 2017-11, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    18. Patrick S. W. Fong & Xuhua Chang & Qiang Chen, 2018. "Faculty patent assignment in the Chinese mainland: evidence from the top 35 patent application universities," The Journal of Technology Transfer, Springer, vol. 43(1), pages 69-95, February.
    19. Debackere, Koenraad & Veugelers, Reinhilde, 2005. "The role of academic technology transfer organizations in improving industry science links," Research Policy, Elsevier, vol. 34(3), pages 321-342, April.
    20. Eric Joseph van Holm & Heyjie Jung & Eric W. Welch, 2021. "The impacts of foreignness and cultural distance on commercialization of patents," The Journal of Technology Transfer, Springer, vol. 46(1), pages 29-61, February.

    More about this item

    Keywords

    Technology transfer; Matching; Externalities;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:jtecht:v:44:y:2019:i:5:d:10.1007_s10961-018-9667-3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.