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Royalty Sharing and Technology Licensing in Universities

Author

Listed:
  • Saul Lach

    (The Hebrew University and NBER,)

  • Mark Schankerman

    (London School of Economics and CEPR,)

Abstract

Using data for 102 U.S. universities, we show that royalty-sharing arrangements (cash flow rights) vary substantially across universities and that they are largely unrelated to most observed university characteristics including faculty size, quality, research funding, technology mix of the faculty, and size of the technology licensing office. However, higher inventors' royalty shares are associated with higher licensing income at the university, controlling for other factors. The results suggest that monetary incentives from inventions have real effects in the university sector. (JEL: O31, O34, L3, L01) Copyright (c) 2004 The European Economic Association.

Suggested Citation

  • 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.
    • Handle: RePEc:tpr:jeurec:v:2:y:2004:i:2-3:p:252-264
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    More about this item

    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
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise

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