Academic Inventors' Choice of Transfer Channels Dependent on Commercialisation Experience - a Theoretical Model
Academic inventions have to be transferred to industry to become an innovation. Scientists face multiple options for this transfer, from informal knowledge transfers to patents, licences, and spin-offs. These transfer channels require different efforts and inhibit different degrees of complexity. We want to theoretically explain the inventor's choice of a certain transfer channel. Under the assumption that (i) dealing with complexity is similar to facing risk, and (ii) scientists are risk averse, we show that the chosen transfer channels are path-dependent: with increasing commercialisation experience inventors choose more complex channels, up to a certain limit of complexity.
|Date of creation:||2008|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.uni-marburg.de/fb19/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ajay Agrawal & Rebecca Henderson, 2002. "Putting Patents in Context: Exploring Knowledge Transfer from MIT," Management Science, INFORMS, vol. 48(1), pages 44-60, January.
- A. Heher, 2006. "Return on Investment in Innovation: Implications for Institutions and National Agencies," The Journal of Technology Transfer, Springer, vol. 31(4), pages 403-414, 07.
- Jaffe, Adam B, 1989. "Real Effects of Academic Research," American Economic Review, American Economic Association, vol. 79(5), pages 957-70, December.
- Gustavo Crespi & Aldo Geuna & Lionel Nesta, 2007. "The mobility of university inventors in Europe," The Journal of Technology Transfer, Springer, vol. 32(3), pages 195-215, June.
- D'Este, P. & Patel, P., 2007. "University-industry linkages in the UK: What are the factors underlying the variety of interactions with industry?," Research Policy, Elsevier, vol. 36(9), pages 1295-1313, November.
- Wesley M. Cohen & Richard R. Nelson & John P. Walsh, 2000.
"Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not),"
NBER Working Papers
7552, National Bureau of Economic Research, Inc.
- Wesley M Cohen & Richard R Nelson & John P Walsh, 2003. "Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (Or Not)," Levine's Working Paper Archive 618897000000000624, David K. Levine.
- Mansfield, Edwin, 1998. "Academic research and industrial innovation: An update of empirical findings1," Research Policy, Elsevier, vol. 26(7-8), pages 773-776, April.
- Adams, James D, 1990. "Fundamental Stocks of Knowledge and Productivity Growth," Journal of Political Economy, University of Chicago Press, vol. 98(4), pages 673-702, August.
- Klofsten, Magnus & Jones-Evans, Dylan, 2000. " Comparing Academic Entrepreneurship in Europe--The Case of Sweden and Ireland," Small Business Economics, Springer, vol. 14(4), pages 299-309, June.
- Isabelle, Marc & Goddard, John Gabriel, 2006. "How do Public Laboratories Collaborate with Industry? New Survey Evidence from France," Economics Papers from University Paris Dauphine 123456789/5023, Paris Dauphine University.
When requesting a correction, please mention this item's handle: RePEc:pum:wpaper:2008-01. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christoph Mengs)
If references are entirely missing, you can add them using this form.