Endogeneous matching in university-industry collaboration: Theory and empirical evidence from the UK
We develop a two-sided matching model to analyze collaboration between heterogeneous academics and firms. We predict a positive assortative matching in terms of both scientific ability and affinity for type of research, but negative assortative in terms of ability on one side and affinity in the other. In addition, the most able and most applied academics and the most able and most basic firms shall collaborate rather than stay independent. Our predictions receive strong support from the analysis of the teams of academics and firms that propose research projects to the UK's Engineering and Physical Sciences Research Council.
References listed on IDEAS
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.:
- Eduard Alonso-Paulí & David Pérez-Castrillo, 2012.
"Codes of Best Practice in competitive markets for managers,"
Springer;Society for the Advancement of Economic Theory (SAET), vol. 49(1), pages 113-141, January.
- Eduard Alonso-Paulí & David Pérez-Castrillo, 2008. "Codes of Best Practice in Competitive Markets for Managers," UFAE and IAE Working Papers 726.08, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Eduard Alonso-Paulí & David Pérez-Castrillo, 2008. "Codes of Best Practice in Competitive Markets for Managers," Working Papers 330, Barcelona Graduate School of Economics.
- Carayol, Nicolas, 2003. "Objectives, agreements and matching in science-industry collaborations: reassembling the pieces of the puzzle," Research Policy, Elsevier, vol. 32(6), pages 887-908, June.
- Nocolas Carayol, 2003. "Objectives , Agreements and Matching in Science-Industry Collaborations : Reassembling the Pieces of the Puzzle," Post-Print halshs-00006095, HAL.
- Banal-Estañol, Albert & Jofre-Bonet, Mireia & Lawson, Cornelia, 2015. "The double-edged sword of industry collaboration: Evidence from engineering academics in the UK," Research Policy, Elsevier, vol. 44(6), pages 1160-1175.
- Albert Banal-Estañol & Mireia Jofre-Bonet & Cornelia Lawson, 2013. "The Double-Edge Sword of Industry Collaboration: Evidence from Engineering Academics in the UK," Working Papers 491, Barcelona Graduate School of Economics.
- Banal-Estanol, A. & Jofre-Bonet, M. & Lawson, C., 2013. "The Double-Edged Sword of Industry Collaboration: Evidence from Engineering Academics in the UK," Working Papers 13/03, Department of Economics, City University London.
- Isabel Maria Medalho Pereira, 2007. "Business-Science Research Collaboration under Moral Hazard," UFAE and IAE Working Papers 721.07, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Kaneko, Mamoru, 1982. "The central assignment game and the assignment markets," Journal of Mathematical Economics, Elsevier, vol. 10(2-3), pages 205-232, September.
- Mamoru Kaneko, 1980. "The Central Assignment Game and the Assignment Markets," Cowles Foundation Discussion Papers 563, Cowles Foundation for Research in Economics, Yale University.
- Albert Banal-Estañol & Mireia Jofre-Bonet & Cornelia Meissner, 2008. "Theimpact of industry collaboration on research: Evidence from engineering academics in the UK," Economics Working Papers 1190, Department of Economics and Business, Universitat Pompeu Fabra, revised Aug 2010.
- Fabrizio, Kira R. & Di Minin, Alberto, 2008. "Commercializing the laboratory: Faculty patenting and the open science environment," Research Policy, Elsevier, vol. 37(5), pages 914-931, June.
- Albert Banal-Estañol & Inés Macho-Stadler & David Pérez-Castrillo, 2011. "Research output from university-industry collaborative projects," Working Papers 2011/23, Institut d'Economia de Barcelona (IEB).
- Albert Banal-Estañol & Inés Macho-Stadler & David Pérez-Castrillo, 2011. "Research Output from University-Industry Collaborative Projects," Working Papers 539, Barcelona Graduate School of Economics.
- Roth, Alvin E. & Sotomayor, Marilda, 1992. "Two-sided matching," Handbook of Game Theory with Economic Applications,in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 1, chapter 16, pages 485-541 Elsevier.
- Roth,Alvin E. & Sotomayor,Marilda A. Oliveira, 1992. "Two-Sided Matching," Cambridge Books, Cambridge University Press, number 9780521437882, September.
- Cockburn, Iain M & Henderson, Rebecca M, 1998. "Absorptive Capacity, Coauthoring Behavior, and the Organization of Research in Drug Discovery," Journal of Industrial Economics, Wiley Blackwell, vol. 46(2), pages 157-182, June.
- Becker, Gary S, 1973. "A Theory of Marriage: Part I," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 813-846, July-Aug..
- Masao Nakamura & Pierre Mohnen & Cathy Hoareau, 2003. "What type of enterprise forges close links with universities and government labs? Evidence from CIS 2," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 24(2-3), pages 133-145.
- Cathy Hoareau & Pierre Mohnen, 2002. "What Type Of Enterprise Forges Close Links With Universities And Government Labs? Evidence From CIS 2," CIRANO Working Papers 2002s-25, CIRANO.
- Mohnen Pierre & Hoareau Cathy, 2002. "What type of enterprise forges close links with universities and government labs? Evidence from CIS2," Research Memorandum 009, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
- Patrick Legros & Andrew F. Newman, 2002. "Monotone Matching in Perfect and Imperfect Worlds," Review of Economic Studies, Oxford University Press, vol. 69(4), pages 925-942.
- Legros, Patrick & Newman, Andrew, 2000. "Monotone Matching In Perfect And Imperfect Worlds," CEPR Discussion Papers 2396, C.E.P.R. Discussion Papers.
- Patrick Legros & Andrew Newman, 2002. "Monotone matching in perfect and imperfect worlds," ULB Institutional Repository 2013/7032, ULB -- Universite Libre de Bruxelles.
- 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.
- 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.
- Lee, Yong S, 2000. "The Sustainability of University-Industry Research Collaboration: An Empirical Assessment," The Journal of Technology Transfer, Springer, vol. 25(2), pages 111-133, June.
- Morten Sørensen, 2007. "How Smart Is Smart Money? A Two-Sided Matching Model of Venture Capital," Journal of Finance, American Finance Association, vol. 62(6), pages 2725-2762, December.
- Agrawal, Ajay & Kapur, Devesh & McHale, John, 2008. "How do spatial and social proximity influence knowledge flows? Evidence from patent data," Journal of Urban Economics, Elsevier, vol. 64(2), pages 258-269, September.
- Wagner, Caroline S. & Leydesdorff, Loet, 2005. "Network structure, self-organization, and the growth of international collaboration in science," Research Policy, Elsevier, vol. 34(10), pages 1608-1618, December.
- Van Looy, Bart & Callaert, Julie & Debackere, Koenraad, 2006. "Publication and patent behavior of academic researchers: Conflicting, reinforcing or merely co-existing?," Research Policy, Elsevier, vol. 35(4), pages 596-608, May.
- Ajay Agrawal & Rebecca Henderson, 2002. "Putting Patents in Context: Exploring Knowledge Transfer from MIT," Management Science, INFORMS, vol. 48(1), pages 44-60, January.
- 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.
- Audretsch, David B & Stephan, Paula E, 1996. "Company-Scientist Locational Links: The Case of Biotechnology," American Economic Review, American Economic Association, vol. 86(3), pages 641-652, June. Full references (including those not matched with items on IDEAS)