IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-03433308.html

The transfer and value of academic inventions when the TTO is one option

Author

Listed:
  • Nicolas Carayol

    (GREThA - Groupe de Recherche en Economie Théorique et Appliquée - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique)

  • Valerio Sterzi

    (GREThA - Groupe de Recherche en Economie Théorique et Appliquée - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique)

Abstract

Although the transfer of professors' inventions is typically performed by an intermediary set up by the university (the technology transfer office), other forms of transfer do coexist in reality. To clarify this situation and its consequences, we develop a model that endogenizes a professor's decision regarding the form of transfer for her invention in which intermediation by the transfer office is only one of two options, the other one being a transfer carried out by the professor herself. The intermediary can reach more potential licensees of the invention, whereas the professor is usually better at mitigating information asymmetry through signaling. In the semiseparating equilibrium of the game, promising technologies are likely to be cherry-picked and transferred by the professor. This prediction that the transfer mode is influenced by invention quality is tested and confirmed, as are several other predictions, on our sample of 446 UK academic inventors. Specific care is taken to control for other mechanisms of IP assignment, such as those derived from consulting and sponsored research. Insights in terms of policy are drawn from this new perspective focusing on alternative transfer channels, match quality, and information asymmetry rather than on moral hazard. © 2021 Wiley Periodicals LLC

Suggested Citation

  • Nicolas Carayol & Valerio Sterzi, 2021. "The transfer and value of academic inventions when the TTO is one option," Post-Print hal-03433308, HAL.
    • Handle: RePEc:hal:journl:hal-03433308
    DOI: 10.1111/jems.12411
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    Other versions of this item:

    Citations

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


    Cited by:

    1. Grazia Sveva Ascione & Laura Ciucci & Claudio Detotto & Valerio Sterzi, 2022. "Universities involvement in patent litigation: an analysis of the characteristics of US litigated patents," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(12), pages 6855-6879, December.
    2. Marco Corsino & Salvatore Torrisi, 2023. "University engagement in open innovation and intellectual property: evidence from university–industry collaborations," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 50(4), pages 781-813, December.
    3. Nicolas Carayol & Elodie Carpentier, 2022. "The spread of academic invention: a nationwide case study on French data (1995–2012)," The Journal of Technology Transfer, Springer, vol. 47(5), pages 1395-1421, October.
    4. Liu Hairui & Zhang Junhan & Gong Lei & Chang Xuhua, 2025. "Academic Patents Assigned to University-Technology-Based Companies in China: Commercialisation Selection Strategies and Their Influencing Factors," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 19(1), pages 1-25.

    More about this item

    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:hal:journl:hal-03433308. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.