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Technology Clubs: Efficient Pricing in Business-University Collaborations

  • Gavin Cameron
  • Chris Wallace

Recently, business-university collaborations have become the subject of much interest. It is important to distinguish between `blue-sky` research and more directly commercially applicable research. This paper provides a framework in which to think about the latter. A simple screening model is proposed to study the ways in which a university might sell its research to the private sector. It demonstrates that `technology clubs`, where firms pay a fixed fee to join and a relatively low marginal cost for each piece of research, would increase the amount of research commercially developed and would be beneficial to all parties.

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File URL: http://www.economics.ox.ac.uk/materials/working_papers/paper157.pdf
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Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 157.

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Date of creation: 01 May 2003
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Handle: RePEc:oxf:wpaper:157
Contact details of provider: Postal: Manor Rd. Building, Oxford, OX1 3UQ
Web page: http://www.economics.ox.ac.uk/
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  1. Joanna Poyago-Theotoky & John Beath & Donald S. Siegel, 2002. "Universities and Fundamental Research: Reflections on the Growth of University-Industry Partnership," Discussion Paper Series, Department of Economics 200201, Department of Economics, University of St. Andrews.
  2. Dominique Guellec & Bruno van Pottelsberghe de la Potterie, 2001. "R&D and Productivity Growth: Panel Data Analysis of 16 OECD Countries," OECD Economic Studies, OECD Publishing, vol. 2001(2), pages 103-126.
  3. 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.
  4. Bronwyn H. Hall & Albert N. Link & John T. Scott, 2000. "Universities as Research Partners," NBER Working Papers 7643, National Bureau of Economic Research, Inc.
  5. Salter, Ammon J. & Martin, Ben R., 2001. "The economic benefits of publicly funded basic research: a critical review," Research Policy, Elsevier, vol. 30(3), pages 509-532, March.
  6. Feller, Irwin, 1990. "Universities as engines of R&D-based economic growth: They think they can," Research Policy, Elsevier, vol. 19(4), pages 335-348, August.
  7. 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.
  8. Mussa, Michael & Rosen, Sherwin, 1978. "Monopoly and product quality," Journal of Economic Theory, Elsevier, vol. 18(2), pages 301-317, August.
  9. Mansfield, Edwin & Lee, Jeong-Yeon, 1996. "The modern university: contributor to industrial innovation and recipient of industrial R&D support," Research Policy, Elsevier, vol. 25(7), pages 1047-1058, October.
  10. Goldfarb, Brent & Henrekson, Magnus, 2003. "Bottom-up versus top-down policies towards the commercialization of university intellectual property," Research Policy, Elsevier, vol. 32(4), pages 639-658, April.
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